The Paskin Group Acquires Bellrock Bishop Arts Multifamily In Dallas
1836 West Davis Street
Building Size
—
Asset Type
MultiFamily
Closing
Oct 24, 2023
AI
The Paskin Group has acquired the 207-unit Bellrock Bishop Arts community in Dallas. The property, located at 1836 West Davis Street, is situated on 4.9 acres of land. It consists of studio, one- and two-bedroom units, offering a variety of living options. The community is conveniently located near the Bishop Arts District and boasts various amenities.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Number of Units: 207
- Total Acres: 4.9
- Market: Dallas
The acquisition was facilitated through a 1031 exchange, with Transwestern Real Estate Services acting as the representative for the buyer, The Paskin Group. They worked alongside brokers Bryan McMurrey, Chris Stutzman, Rye Hinkle, and Tyler Gauntt from Transwestern to complete the transaction.
Players
Dallas 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93