Updated Oct 28, 2024
Equus Capital Partners Acquires Multifamily Property In Humble For $53.25M
16848 West Lake Houston Parkway, Humble, TX 77346
$53,250,000
$26,893/SF
Building Size
1,980 SF
Asset Type
MultiFamily
Closing
Jun 22, 2020
About this deal
AI
Multifamily property located at 16848 W Lake Houston Pkwy in Humble was sold for $53,250,000. The transaction took place on June 22nd, 2021. The property consists of 320 units, with a price per unit of $166,406.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $53,250,000
- Date: 06/22/2021
- Address: 16848 W Lake Houston Pkwy
- Market: Humble
Martin Fein Interests sold the property to Equus Capital Partners represented by Daniel M. DiLella.
The multifamily sale at 16848 West Lake Houston Parkway, Humble, TX 77346 in Houston, Texas sold for $53.3M in 2020. Reported inventory is 1,980 square feet across 320 units, or about 26.9K per square foot. Named participants on the 16848 West Lake Houston Parkway, Humble, TX 77346 sale are Daniel DiLella, Martin Fein. This page is the Houston, Texas file for the 16848 West Lake Houston Parkway, Humble, TX 77346 multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Houston sit in the Market section below. Filter that Houston multifamily set by closing date to see what else sold near 16848 West Lake Houston Parkway, Humble, TX 77346 around 2020. Published consideration for 16848 West Lake Houston Parkway, Humble, TX 77346 is $53.3M, dated 2020. Cite this Equus Capital Partners Acquires Multifamily Property In Humble For $53.25M sale when underwriting similar multifamily product around Houston, Texas.
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
0.30%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93