Updated Oct 28, 2024
SB Properties Acquires Multifamily Property In Houston From Berkshire Group
2411 Fondren Road
Units
276
Asset Type
MultiFamily
Closing
Jul 21, 2022
About this deal
AI
Berkshire Group has sold a multifamily property located at 2411 Fondren Rd in Houston. The property, consisting of 276 units, was sold to SB Properties in a recent transaction.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not available
- Date: 07/22/2022
- Address: 2411 Fondren Rd
- Market: Houston
- Units: 276
The deal was facilitated by brokers Jennifer Ray and Ryan Epstein from Walker & Dunlop.
Traded’s record for 2411 Fondren Road in Houston, Texas covers a multifamily sale from 2022. Reported inventory is 276 units across 276 units. Ryan Epstein, Jennifer Ray, Walker & Dunlop appear on the sale alongside Walker & Dunlop. This page is the Houston, Texas file for the 2411 Fondren Road multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Houston sit in the Market section below. Filter that Houston multifamily set by closing date to see what else sold near 2411 Fondren Road around 2022. Cite this SB Properties Acquires Multifamily Property In Houston From Berkshire Group sale when underwriting similar multifamily product around Houston, Texas.
On the Map
MultiFamily
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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