Updated Oct 28, 2024
CoVest Ventures Acquires Multifamily Property In Nassau Bay, Houston, TX
2041 San Sebastian Ct, Nassau Bay, Houston, TX
Units
190
Asset Type
MultiFamily
Closing
Nov 7, 2022
About this deal
AI
CoVest Ventures has acquired a multifamily property located at 2041 San Sebastian Ct, Nassau Bay, Houston, TX. The property, consisting of 190 units, was sold by Dojo Bay House LLC.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 2041 San Sebastian Ct, Nassau Bay, Houston, TX
- Market: Nassau Bay, Houston, TX
- Units: 190
The deal was facilitated by the brokerage team of Bob Heard, Chip Nash, and Jaleel Adatia from Colliers.
Traded’s record for 2041 San Sebastian Ct, Nassau Bay, Houston, TX in Houston, Texas covers a multifamily sale from 2022. Reported inventory is 190 units across 190 units. Jaleel Adatia, Chip Nash, Bob Heard, Colliers appear on the sale alongside Colliers. This page is the Houston, Texas file for the 2041 San Sebastian Ct, Nassau Bay, Houston, TX multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Houston sit in the Market section below. Filter that Houston multifamily set by closing date to see what else sold near 2041 San Sebastian Ct, Nassau Bay, Houston, TX around 2022. Cite this CoVest Ventures Acquires Multifamily Property In Nassau Bay, Houston, TX sale when underwriting similar multifamily product around Houston, Texas.
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MultiFamily
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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