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2300 Mccue Road

Updated Mar 11, 2026

Bilt advertisement
Howard Cohen Of Blue Atlantic Partners Purchases 299-Unit Montecito Apartments In Houston
SOLDMultiFamily

Howard Cohen Of Blue Atlantic Partners Purchases 299-Unit Montecito Apartments In Houston

2300 Mccue Road

Units

299

Asset Type

MultiFamily

Closing

Oct 9, 2025

About this deal

AI

The property involved in this transaction is the Montecito Apartments, a multi-family asset located at 2300 Mccue Road in Houston, Texas. The property contains a total of 299 units and is situated in the Uptown-Galleria market area.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: Not disclosed
  • Address: 2300 Mccue Road
  • Market: Houston
  • Units: 299
  • Buyer: Howard Cohen
  • Buyer's Company: Blue Atlantic Partners
  • Affiliation: Affiliate of Atlantic Pacific Cos.
  • Total Texas Properties Owned: 33
  • Total Units in Texas: Approximately 7,500

Howard Cohen, representing Blue Atlantic Partners, executed the transaction for the purchase of the Montecito Apartments. The firm intends to undertake a multi-million-dollar renovation of the property following this acquisition.

Players

Howard Cohen

Atlantic | Pacific Companies

Broker

$10.2M

vol

4 deals

Broker
Howard Cohen

Howard Cohen

Buyer

$10.2M

vol

4 deals

Buyer

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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