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Embassy Apartments Sold In Irving For $13.88 Million With Seller's Reps Preston Browne & Scott Lunine

Property Image
SOLD
$13,875,000
Preston Browne
Scott Lunine
Michael Levy

Texas

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MultiFamily86,600 SF
Sold 12/19/2025
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Property Image
SOLD

Embassy Apartments Sold In Irving For $13.88 Million With Seller's Reps Preston Browne & Scott Lunine

1415 West Airport Freeway

See Similar Deals
MultiFamily86,600 SF
Sold 12/19/2025
Preston Browne
Scott Lunine
Michael Levy
the dealplayerscompscontact
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Summary

TEXAS
Asset Type:MultiFamily
Price Per Square Foot:$160
Total Square Footage:86,600 SF
Transaction Type:Sale

The property involved in this transaction is a multifamily asset located at 1415 West Airport Freeway in Irving. It consists of 111 units and has a total square footage of 86,600. The sale price was $13,875,000, resulting in a price per unit of $125,000 and a price per square foot of $160.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $13,875,000
  • Units: 111
  • Square Footage: 86,600
  • Price Per Unit: $125,000
  • Price Per Square Foot: $160
  • Seller's Representative: Preston Browne & Scott Lunine - Partners Real Estate

The transaction was marked by a successful effort from the seller's representatives, highlighting their commitment to executing the sale through effective processes and market intelligence. The accomplishment included over 100 executed confidentiality agreements and multiple qualified offers that contributed to a higher valuation than previous attempts. A cooperating broker facilitated the sale by sourcing an out-of-market buyer, which broadened the purchaser pool and emphasized the team’s strategic outreach to real estate professionals.

Players

Preston Browne
Partners Real Estate
Preston Browne
1 deal(214) 417-3366
BROKER
Scott Lunine
Partners Real Estate
Scott Lunine
1 deal
BROKER
Michael Levy
Mathias Partners
Michael Levy
2 deals$17.2M volume(512) 637-6957
BROKER

Details

SOLD
IMAGE: Preston Browne & Scott Lunine DATE: 12/19/2025 ADDRESS: 1415 West Airport Freeway MARKET: Irving ASSET TYPE: Multifamily SELLER'S REP: Preston Browne & Scott Lunine - Partners Real Estate (@Partners_CRE) SALE PRICE: $13,875,000 UNITS: 111 ~ PPU: $125,000 SF: 86,600 ~ PPSF: $160 NOTE FROM SELLER'S REP: We are pleased to announce another successful closing for our Capital Markets Team: Embassy Apartments in Irving, TX. This accomplishment underscores our disciplined execution, market intelligence, and commitment to maximizing exposure to both buyers and their representatives, ensuring we deliver maximum value for our clients. In a market where many listings and transactions face challenges such as expiration, stalling, or retrading, our team distinguishes itself through thorough preparation, effective processes, and impeccable execution from listing to close. (Results below) 100+ executed CA's signed, reflecting regional, national, and international market engagement. Multiple qualified offers, generated through a disciplined marketing and buyer review process. Achieved $125,000 a door, significantly exceeding the seller’s prior unsuccessful sales attempt at $95,000 a door. Targeted outreach, not only to real estate investors, but also to the professionals who represent them, including brokers, advisors, and intermediaries. Buyer sourced through a cooperating broker, underscoring the value of open-market collaboration. Out-of-market buyer secured, expanding the buyer pool beyond the seller’s prior reach. Strategic pricing aligned with true market depth, not speculation, resulting in a higher per-unit value. In a market where assets often cycle through multiple contracts, this property went under contract once due to rigorous buyer qualification and front-end diligence.

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