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2425 Barnard Road, Brownsvi...

Raybec Investments Sells Multifamily Property With Northmarq's Zar Haro, Moses Siller, Phillip Grafe & Bryan VanCura
SOLDMultiFamily

Raybec Investments Sells Multifamily Property With Northmarq's Zar Haro, Moses Siller, Phillip Grafe & Bryan VanCura

2425 Barnard Road, Brownsville, Texas 78520, United States

Building Size

Asset Type

MultiFamily

Closing

Sep 11, 2022

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.

Players

Moses Siller

NorthMarq

Broker

14 deals

Broker

Brownsville 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