Updated Oct 28, 2024
BRT Apartments Corp Acquires Multifamily Property In Houston For $24.5M
21717 Inverness Forest Boulevard, Houston, TX 77073
$24,500,000
$91/SF
Building Size
266,468 SF
Asset Type
MultiFamily
Closing
Jun 6, 2020
About this deal
AI
The multifamily property located at 21717 Inverness Forest Blvd in Houston has been sold. The transaction took place on 06/06/2021 for a sale price of $24,500,000. The property is owned by BRT Apartments Corp, with Jeffrey A. Gould and Mitchell Gould representing the seller.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $24,500,000
- Seller: BRT Apartments Corp - Jeffrey A. Gould & Mitchell Gould
- Address: 21717 Inverness Forest Blvd, Houston
Jeffrey A. Gould and Mitchell Gould acted as the representatives of the seller, BRT Apartments Corp. The transaction marks a significant deal in the Houston market.
Players
Houston 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
0.65%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93