SOLDMultiFamily
CoVest Ventures Acquires Multifamily Property In Nassau Bay, Houston, TX
2041 San Sebastian Ct, Nassau Bay, Houston, TX
Building Size
—
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