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15831 Yorktown Crossing Par...

HS Development Group Acquires Multifamily Property On Yorktown Crossing Pky In Houston
SOLDMultiFamily

HS Development Group Acquires Multifamily Property On Yorktown Crossing Pky In Houston

15831 Yorktown Crossing Parkway, Houston, Texas 77084, United States

Building Size

Asset Type

MultiFamily

Closing

Jan 31, 2022

AI

An institutional property at 15831 Yorktown Crossing Pky in Houston has been sold in a recent transaction. The multifamily property spans across 3 acres and consists of 115 units.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: Not available
  • Address: 15831 Yorktown Crossing Pky
  • Market: Houston
  • Units: 115
  • Acres: 3

The buyer for this property is HS Development Group, while the seller is Lamppost Capital Management. The transaction was facilitated by Travis Austin, Jennifer Campbell, Jaleel Adatia, and Will Balthrope from Institutional Property Advisors (IPA) - Marcus & Millichap.

Jamie Safier, Brandon Brown, and Jamie Mullin from Marcus & Millichap Capital Corporation served as the mortgage brokers for this transaction.

Players

Will Balthrope

Institutional Property Advisors

Broker

$503.3M

vol

89 deals

Broker

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