Updated Oct 28, 2024
HS Development Group Acquires Multifamily Property On Yorktown Crossing Pky In Houston
15831 Yorktown Crossing Parkway, Houston, Texas 77084, United States
Units
115
Asset Type
MultiFamily
Closing
Jan 31, 2022
About this deal
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.
On the Map
MultiFamily
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Players
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