Updated Oct 28, 2024
Westmount Realty Sells Multifamily Property In Dallas To Cliff Booth For Undisclosed Amount
1615 John West Road, Dallas, Texas 75228, United States
Units
357
Asset Type
MultiFamily
Closing
Jun 22, 2022
About this deal
AI
The multifamily property located at 1615 John West Rd in Dallas has been sold. The property consists of 357 units and was sold on 06/23/2022. The sale was facilitated by Al Silva from Marcus & Millichap, who represented the seller, Westmount Realty, specifically Cliff Booth.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 1615 John West Rd
- Market: Dallas
- Units: 357
The seller, Westmount Realty, entrusted the sale of the property to Cliff Booth as their representative. Al Silva, from Marcus & Millichap, served as the broker in the transaction, facilitating the deal between the seller and the buyer.
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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