Updated Jul 17, 2025
Marcus & Millichap Sells 94-Unit Hart House Apartment Community In Dallas
1235 Hartsdale Drive & 1239 Hartsdale Drive
Units
94
Asset Type
MultiFamily
Closing
Jul 16, 2025
About this deal
AI
The transaction involved a multi-family asset located at 1235 & 1239 Hartsdale Drive in Dallas, comprising 94 units. The market has shown volatility, yet the property successfully transitioned to a local operator, showcasing the demand within the Dallas residential sector.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: Not disclosed
- Address: 1235 & 1239 Hartsdale Drive
- Market: Dallas
- Units: 94
- Brokers: Ford Braly & Al Silva - Marcus & Millichap
Ford Braly and Al Silva represented Marcus & Millichap in the sale of Hart House, highlighting the firm’s active role in the Dallas-Fort Worth multifamily market. The swift closure of the deal illustrated favorable offer terms and strong interest from the local operator.
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MultiFamily
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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