Updated Mar 25, 2025
Ben Kriegsman & Mory Barak Of Lion Real Estate Group Close Multifamily Sale In Houston
14504 Briar Forest Drive
Units
241
Asset Type
MultiFamily
Closing
Mar 24, 2025
About this deal
AI
The property involved in this transaction is a MultiFamily asset located at 14504 Briar Forest Drive in Houston. The property comprises 241 units, forming a significant part of the local multifamily market, enabling the buyer to enhance their portfolio within a growing area.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: Not disclosed
- Sale Date: 03/24/2025
- Address: 14504 Briar Forest Drive
- Market: Houston
- Units: 241
- Buyers: Ben Kriegsman & Mory Barak - Lion Real Estate Group, LLC
- Brokers: Thomas Alleman - Newmark
The transaction was executed with Ben Kriegsman and Mory Barak representing Lion Real Estate Group, LLC, as the buyers. Thomas Alleman acted on behalf of Newmark in this transaction, facilitating the deal between the parties involved.
On the Map
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93