Updated Dec 19, 2023
29th Street Capital Acquires Multifamily Property With Stan Beraznik In Houston
15500 Cutten Road, Houston, TX 77070, USA
Building Size
479,362 SF
Asset Type
MultiFamily
Closing
Sep 23, 2021
About this deal
AI
The multifamily property located at 15500 Cutten Rd in Houston has been sold. The transaction took place on 09/23/2021. The property consists of 362 units and is owned by an undisclosed seller.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
The buyer of this property is 29th Street Capital, represented by Stan Beraznik. Stan Beraznik is a broker from 29th Street Capital.
Traded’s record for 15500 Cutten Road, Houston, TX 77070, USA in Houston, Texas covers a multifamily sale from 2021. Reported inventory is 479,362 square feet across 362 units, or about 0 per square foot. This page is the Houston, Texas file for the 15500 Cutten Road, Houston, TX 77070, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Houston sit in the Market section below. Filter that Houston multifamily set by closing date to see what else sold near 15500 Cutten Road, Houston, TX 77070, USA around 2021. Cite this 29th Street Capital Acquires Multifamily Property With Stan Beraznik In Houston sale when underwriting similar multifamily product around Houston, Texas.
Players
Houston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
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