Binit Gupta Acquires Multifamily Property In Irving For $Undisclosed
1826 Esters Rd Irving, TX 75061, USA
Building Size
277,136 SF
Asset Type
MultiFamily
Closing
May 12, 2023
AI
A multifamily property located at 1826 Esters Road in Irving has been sold in a recent transaction. The property consists of 320 units with a total square footage of 277,136. The sale took place on 05/12/2023.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 1826 Esters Road
- Market: Irving
- Units: 320
- Square Footage: 277,136
Binit Gupta has acquired the property from Iris Associates. The seller was represented by Will Miller, Charles Larkam, David Shaffer, and Caleb Jones from Wellington Realty.
Players
Texas MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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