Updated Oct 29, 2024
Newport Real Estate Partners Acquires Multifamily Property In Southbelt, Houston For $27.13M
11810 Algonquin Dr, Houston, TX 77089, USA
$27,130,000
$13,338/SF
Building Size
2,034 SF
Asset Type
MultiFamily
Closing
Jan 20, 1920
About this deal
AI
11810 Algonquin Dr., located in the Southbelt / Ellington market of Houston, was recently sold in a multifamily property transaction. The sale took place on January 21, 2020.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $27,130,000
The seller of 11810 Algonquin Dr. was Nitya Capital, while the buyer was Newport Real Estate Partners, LLC.
Thank you to Matt Wilson, Jack Franco, and Swapnil Agarwal for sharing the image of this property.
The multifamily sale at 11810 Algonquin Dr, Houston, TX 77089, USA in Houston, Texas sold for $27.1M. The building is 2,034 square feet, implying about 13.3K per square foot on the published price. This page is the Houston, Texas file for the 11810 Algonquin Dr, Houston, TX 77089, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Houston sit in the Market section below. Published consideration for 11810 Algonquin Dr, Houston, TX 77089, USA is $27.1M. Cite this Newport Real Estate Partners Acquires Multifamily Property In Southbelt, Houston For $27.13M sale when underwriting similar multifamily product around Houston, Texas.
On the Map
$27,130,000
$13,338/SF
MultiFamily
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Houston 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
0.58%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93