Updated Dec 19, 2023
The Praedium Group Acquires Multifamily Property In Lewisville With Peter Calatozzo's Rep
1801 N Summit Ave, Lewisville, TX, USA
Building Size
7,241,361 SF
Asset Type
MultiFamily
Closing
Oct 5, 2021
About this deal
AI
The multifamily property located at 1801 N Summit Ave in Lewisville has been sold. The property consists of 347 units and was sold on 10/05/2021. The transaction was facilitated by Peter Calatozzo from The Praedium Group, who represented the buyer.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 1801 N Summit Ave
- Market: Lewisville
- Number of Units: 347
Peter Calatozzo, representing The Praedium Group, played a key role in the transaction as the buyer's representative. The involvement of The Praedium Group indicates their interest in expanding their multifamily portfolio in the Lewisville market.
Players
Lewisville 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