SOLDMultiFamily
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
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.
Players
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