Updated Oct 28, 2024
V&B Acquires Multifamily Property In Houston From Sunstone Fund
1600 Avenue M
Units
114
Asset Type
MultiFamily
Closing
Aug 16, 2022
About this deal
AI
A multifamily property located at 1600 Avenue M in Houston has been sold in a recent transaction. The property consists of 114 units and was purchased by V&B from the seller, Sunstone Fund.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 1600 Avenue M, Houston
- Market: Houston
- Number of Units: 114
The deal was facilitated by brokers Michael Schattner and Jonathan Brody from Rosewood Realty Group, representing the buyer and seller respectively.
Traded’s record for 1600 Avenue M in New York, Texas covers a multifamily sale from 2022. Reported inventory is 114 units across 114 units. Michael Schattner, Jonathan Brody, Base Realty Group appear on the sale alongside Base Realty Group. This page is the New York, Texas file for the 1600 Avenue M multifamily sold: pricing, party profiles, and other closed multifamily comps from the same New York sit in the Market section below. Filter that New York multifamily set by closing date to see what else sold near 1600 Avenue M around 2022. Cite this V&B Acquires Multifamily Property In Houston From Sunstone Fund sale when underwriting similar multifamily product around New York, Texas.
Players
New York 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