Chaitanya Chava Acquires 88-Unit Multifamily In Dallas Fort Worth From Alan Stalcup
Building Size
65,032 SF
Asset Type
MultiFamily
Closing
Jan 13, 2024
AI
Located at 1525 2nd Street in Dallas Fort Worth, this multifamily property is a prime investment opportunity. With a total of 88 units and a size of 65,032 square feet, this property offers ample space for residents to enjoy.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 1525 2nd Street
- Market: Dallas Fort Worth
- Units: 88
- Square Footage: 65,032
Chaitanya Chava successfully acquired this multifamily property from Alan Stalcup. The transaction was facilitated by Byron Griffith, representing Chaitanya Chava as their broker from Global Real Estate Advisors (GREA). On the seller's side, Chibuzor Nnaji, also from GREA, acted as Alan Stalcup's broker representative in the deal.
Players
Market 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