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Howard Cohen Of Blue Atlantic Partners Purchases 299-Unit Montecito Apartments In Houston
SOLD
Texas
See Similar DealsMultiFamily
Sold 10/09/2025
SOLD
Howard Cohen Of Blue Atlantic Partners Purchases 299-Unit Montecito Apartments In Houston
2300 Mccue Road
See Similar DealsMultiFamily
Sold 10/09/2025
Summary
TEXAS
Asset Type:MultiFamily
Transaction Type:Sale
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.
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30 years
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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
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Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
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