Lion Real Estate Group Acquires Multifamily Property On Esters Road In Irving
1147 Esters Road, Irving, TX 75061
Building Size
140,960 SF
Asset Type
MultiFamily
Closing
Sep 28, 2021
AI
Located at 1147 Esters Road in Irving, this multifamily property was recently sold in a closed transaction. The property consists of 496 units, offering ample residential space for the residents. The sale took place on September 28, 2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified in the available information.
- Market: Irving
- Sale Date: 09/28/2021
- Address: 1147 Esters Road
- Units: 496
The buyer of this multifamily property was Lion Real Estate Group, represented by Jeff Weller and Mory Barak. The purchase transaction was facilitated by the broker Newmark.
Players
Irving MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93