Updated Dec 21, 2023
Iliad Realty Group And North Point Capital Group Acquire Multifamily Property In Baytown
1700 Rollingbrook Street, Baytown, Texas 77521, United States
Building Size
203,412 SF
Asset Type
MultiFamily
Closing
Apr 18, 2022
About this deal
AI
The multifamily property located at 1700 Rollingbrook Drive in Baytown has been sold. The property, known as Aria at Rollingbrook, consists of 240 units with a total square footage of 203,412. The transaction took place on April 19, 2022.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: Not provided in the CONTEXT
- Address: 1700 Rollingbrook Drive
- Market: Baytown
- Units: 240
- Square Footage: 203,412
The buyers in this deal were Iliad Realty Group represented by Elliott Aronson and Christopher Donnelly, North Point Capital Group represented by David P. Zar, and Shawn Hakimian.
Players
Houston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
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