Updated Oct 13, 2026
Midway Acquires Multifamily Property In Houston, Texas With Buyer's Rep Jamie Bryant & Bo Sanford
150 Sabine Street, Houston, Texas 77007, United States
Units
198
Asset Type
MultiFamily
Closing
Sep 11, 2022
About this deal
AI
The multifamily property located at 150 Sabine Street in Houston has been sold in a recent transaction. The property consists of 198 units and was sold by The Hanover Co. to Midway, represented by Jamie Bryant & Bo Sanford of Arc Capital Partners. The sale was facilitated by brokers Tom Fish & Jonathan Paine of Walker & Dunlop.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not provided
- Date: 11/09/2022
- Address: 150 Sabine Street
- Market: Houston
- Units: 198
The buyer, Midway, was represented by Jamie Bryant & Bo Sanford from Arc Capital Partners. The seller, The Hanover Co., completed the transaction with the assistance of brokers Tom Fish & Jonathan Paine from Walker & Dunlop.
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