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1525 2nd Street

Chaitanya Chava Acquires 88-Unit Multifamily In Dallas Fort Worth From Alan Stalcup
SOLDMultiFamily

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

Chibuzor Nnaji

Global Real Estate Advisors (GREA)

Broker

9 deals

Broker

Alan Stalcup

Seller

$80.2M

vol

2 deals

Seller

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