facebook

traded

+ Submit
Home

/

Deals

/

Texas

/

Multifamily

/

Sale

/

2040 Greenhouse Rd, Houston...

29th Street Capital Acquires Multifamily Asset By Buyer Stan Beraznik
SOLDMultiFamily

29th Street Capital Acquires Multifamily Asset By Buyer Stan Beraznik

2040 Greenhouse Rd, Houston, TX 77084, USA

Building Size

1,772 SF

Asset Type

MultiFamily

Closing

Aug 24, 2020

AI

29th Street Capital, represented by Stan Beraznik, has acquired a multifamily property located at 2040 Greenhouse Road in Houston. The transaction, which took place on August 25, 2020, involved the purchase of a property comprising 350 units. The market value of the asset was not disclosed.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: Not disclosed

Stan Beraznik, representing 29th Street Capital, was the buyer in this transaction. No additional information about the deal or the individuals involved was provided.

Players

Stan Beraznik

29th Street Capital

Buyer

$24.1M

vol

3 deals

Buyer

Houston 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