Cushman & Wakefield Brokers Sale Of 328-unit Amalfi At Tuscan Lakes Multifamily In League City
1450 League City Parkway
Building Size
—
Asset Type
MultiFamily
Closing
Oct 6, 2023
AI
The sale of Amalfi at Tuscan Lakes, a 328-unit apartment community located at 1450 East League City Parkway in League City, a southeastern Houston suburb, has been brokered by Cushman & Wakefield, a global real estate services firm. The buyer and sales price for the transaction have not been disclosed.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Units: 328
- Address: 1450 East League City Parkway
- Market: League City
Cushman & Wakefield, represented by brokers John Carr, Jennifer Campbell, Ben Fuller, Josh Hoffman, Avery Klatt, Asher Hall, and Grant Raymond, facilitated the sale of Amalfi at Tuscan Lakes. The specific buyer and the exact sales price have not been revealed at this time.
Players
League City 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