GDF Properties Acquires 569-Unit Multifamily Property In Houston, TX
2111 Holly Hall Street, Houston, TX 77054
Building Size
808,909 SF
Asset Type
MultiFamily
Closing
Sep 17, 2021
AI
A multifamily property located at 2111 Holly Hall St in Houston, TX has been sold. The transaction took place on September 17, 2021. The property consists of 569 units with a total square footage of 809,201. The sale was facilitated by Lee & Associates Commercial Real Estate Services, represented by brokers Matthew Jacocks and Seth Denison. The buyer, GDF Properties, was represented by their attorney, Steven Herzberg, Esq. from Vazquez & Associates.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Units: 569
- Square Footage: 809,201
- Address: 2111 Holly Hall St, Houston, TX
- Market: Houston, TX
The sale of the multifamily property at 2111 Holly Hall St in Houston, TX involved key individuals and companies. GDF Properties, the buyer, completed the transaction with the assistance of their attorney, Steven Herzberg, Esq. from Vazquez & Associates. The sale was facilitated by brokers Matthew Jacocks and Seth Denison from Lee & Associates Commercial Real Estate Services.
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