Updated Oct 28, 2024
Raybec Investments Sells Multifamily Property With Northmarq's Zar Haro, Moses Siller, Phillip Grafe & Bryan VanCura
2425 Barnard Road, Brownsville, Texas 78520, United States
Units
116
Asset Type
MultiFamily
Closing
Sep 11, 2022
About this deal
AI
The multifamily property located at 2425 Barnard Rd. in Brownsville has been recently sold. The transaction took place on September 12, 2022. The property consists of 116 units, offering ample residential options in the area.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not available
- Address: 2425 Barnard Rd., Brownsville
- Market: Brownsville
- Number of Units: 116
The seller, Raybec Investments, successfully closed the deal with the assistance of Zar Haro, Moses Siller, Phillip Grafe, and Bryan VanCura from Northmarq. These brokers represented the seller throughout the transaction, ensuring a smooth and satisfactory process for both parties involved.
On the Map
MultiFamily
View full map
Players
Brownsville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse Texas multifamily sales on Traded.
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