Updated Dec 21, 2023
Northmarq Brokers Facilitate The Sale Of A Corpus Christi Multifamily With 336 Units At 1641 Nile Drive
1641 Nile Drive, Corpus Christi, Texas 78412, United States
Units
336
Asset Type
MultiFamily
Closing
Sep 1, 2022
About this deal
AI
The 336-unit multifamily property located at 1641 Nile Drive in Corpus Christi has been sold. The transaction took place on September 2, 2022.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 1641 Nile Drive
- Market: Corpus Christi
- Number of Units: 336
The sale was facilitated by Moses Siller, Bryan Mummaw, Brandon Harrington, Bryan Liu & Tyler Woodard from Northmarq. They represented the parties involved in the transaction.
Traded’s record for 1641 Nile Drive, Corpus Christi, Texas 78412, United States in Corpus Christi, Texas covers a multifamily sale from 2022. Reported inventory is 336 units across 336 units. Moses Siller, Tyler Woodard, Bryan Mummaw, Bryan Liu appear on the sale alongside NorthMarq. This page is the Corpus Christi, Texas file for the 1641 Nile Drive, Corpus Christi, Texas 78412, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Corpus Christi sit in the Market section below. Filter that Corpus Christi multifamily set by closing date to see what else sold near 1641 Nile Drive, Corpus Christi, Texas 78412, United States around 2022. Cite this Northmarq Brokers Facilitate The Sale Of A Corpus Christi Multifamily With 336 Units At 1641 Nile Drive sale when underwriting similar multifamily product around Corpus Christi, Texas.
Players
Corpus Christi 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