Updated Dec 21, 2023
Daniel Kirzner's Palm Equities Acquires Multifamily Property On Cullen Blvd, Houston
13555 Cullen Blvd, Houston, TX, USA
Building Size
285,000 SF
Asset Type
MultiFamily
Closing
Feb 10, 2021
About this deal
AI
A multifamily property located at 13555 Cullen Blvd in Houston was recently sold. The transaction took place on February 11, 2021. The property spans a total square footage of 285,000. The buyer of this property is Daniel Kirzner, representing Palm Equities.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 13555 Cullen Blvd
- Market: Houston
- Buyer: Daniel Kirzner - Palm Equities
Daniel Kirzner of Palm Equities played a crucial role as the buyer in this transaction. Further details regarding the sale price or any additional parties involved are not available.
Players
Houston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
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