facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Texas

/

Multifamily

/

Sale

/

222 Mason Creek Drive, Katy...

Brixton Capital Acquires 312-Unit Multifamily Property In Katy
SOLDMultiFamily

Brixton Capital Acquires 312-Unit Multifamily Property In Katy

222 Mason Creek Drive, Katy, TX 77450

Building Size

1,343 SF

Asset Type

MultiFamily

Closing

Oct 26, 2021

AI

222 Mason Creek Drive, a multifamily property located in Katy, was recently sold in a closed transaction. The sale took place on October 26, 2021, with Brixton Capital represented by Jim Hamilton as the buyer and Hilltop Residential as the seller. The property spans across 13 acres and comprises a total of 312 units, making it an attractive investment in the Katy market.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: Not specified
  • Address: 222 Mason Creek Drive
  • Market: Katy
  • Acres: 13
  • Units: 312

The deal was facilitated by Zach Springer from Newmark, who represented Brixton Capital in the transaction. Jim Hamilton, also from Brixton Capital, played a key role as their representative. The involvement of these individuals and companies highlights the successful completion of the sale.

Players

Zach Springer

Newmark

Broker

$1.9B

vol

7 deals

Broker

Jim Hamilton

Brixton Capital

Buyer

2 deals

Buyer
HR
Hilltop ResidentialSeller

Katy 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