Updated Oct 25, 2024
Tony Lin Acquires Multifamily Property In Irving, Texas
2053 Estrada Parkway, Irving, Texas 75061, United States
Units
152
Asset Type
MultiFamily
Closing
May 21, 2022
About this deal
AI
The multifamily property located at 2053 Estrada Pkwy in Irving has been sold. The transaction took place on May 22, 2022. The property consists of 152 units and is situated in the Irving market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not mentioned
- Market: Irving
- Units: 152
Tony Lin is the buyer of the property, while Mike Spotts is the seller. The deal was facilitated by David Fersing, Nick Fluellen, Bard Hoover, and Wesley Racht from Marcus & Millichap.
On the Map
MultiFamily
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Players
Irving MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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