Updated Dec 21, 2023
Westmount Realty Capital Acquires 291-Unit Multifamily Property In Houston
21499 Park Row, Katy, Texas 77084, United States
Building Size
291 SF
Asset Type
MultiFamily
Closing
Jan 18, 2022
About this deal
AI
The multifamily property located at 21499 Park Row in Houston has been sold. The transaction took place on January 18, 2022. The property consists of 291 units and is owned by Westmount Realty Capital. The buyer in this deal is Cliff Booth.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Units: 291
- Address: 21499 Park Row, Houston
- Market: Houston
The deal involved Westmount Realty Capital as the seller's representative. Cliff Booth represented the buyer in this transaction.
Players
Katy MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
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