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14504 Briar Forest Drive

Ben Kriegsman & Mory Barak Of Lion Real Estate Group Close Multifamily Sale In Houston
SOLDMultiFamily

Ben Kriegsman & Mory Barak Of Lion Real Estate Group Close Multifamily Sale In Houston

14504 Briar Forest Drive

Building Size

Asset Type

MultiFamily

Closing

Mar 24, 2025

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.

Players

Thomas Alleman

Newmark

Broker

$93.8M

vol

3 deals

Broker
Mory Barak

Mory Barak

Buyer

$19M

vol

4 deals

Buyer

Houston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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