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
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