SOLDMultiFamily
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
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.
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