Nstar Investments Acquires 208-Unit Multifamily In Carrollton From Windmark Group
1937 North Josey Lane
Building Size
178,910 SF
Asset Type
MultiFamily
Closing
Jan 4, 2023
AI
The multifamily property located at 1937 North Josey Lane in Carrollton has been sold in a recent transaction. The property consists of 208 units and spans a total area of 178,910 square feet.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Units: 208
- Square Footage: 178,910
- Address: 1937 North Josey Lane
- Market: Carrollton
The buyer of the property is Nstar Investments, while the seller is the Windmark Group. The deal was facilitated by brokers Chris Deuillet, William Hubbard, and Jaxx Davies from CBRE.
Players
Carrollton 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