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2231 Live Oak Street

Faroq Chowdhur Sells Village Creek Apartments In Commerce Represented By Global Real Estate Advisors
SOLDMultiFamily

Faroq Chowdhur Sells Village Creek Apartments In Commerce Represented By Global Real Estate Advisors

2231 Live Oak Street

Building Size

86,000 SF

Asset Type

MultiFamily

Closing

Jun 23, 2025

AI

The property involved in the transaction is a multifamily asset known as Village Creek Apartments, situated at 2231 Live Oak Street in Commerce. This 1970s-vintage student housing facility comprises 100 units and encompasses a total area of 86,000 square feet. It is prominently located directly across from Texas A&M University–Commerce.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: Not disclosed
  • Units: 100
  • Square Footage: 86,000
  • Address: 2231 Live Oak Street
  • Market: Commerce
  • Seller: Faroq Chowdhur
  • Broker Representation: Zachary Del Medico, Ryan Quaid & Todd Franks - Global Real Estate Advisors (GREA)

The transaction was facilitated by Global Real Estate Advisors (GREA), which represented the seller, Faroq Chowdhur, and procured the buyer. This closing marks GREA's 12th transaction in secondary and tertiary markets over the past eight months.

Players

Todd Franks

Global Real Estate Advisors (GREA)

Broker

$130.3M

vol

7 deals

Broker
Global Real Estate Advisors (GREA)
Global Real Estate Advisors (GREA)Brokerage

Commerce 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