Updated Oct 28, 2024
TA Realty Acquires 293-Unit Multifamily Property In Fort Worth From Embrey
2500 River Park Drive, Fort Worth, Texas 76116, United States
Units
293
Asset Type
MultiFamily
Closing
Jul 31, 2022
About this deal
AI
The multifamily property located at 2500 River Park Dr in Fort Worth has been sold in a recent transaction. The property features a total of 293 units, making it a substantial investment opportunity in the market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not provided
- Market: Fort Worth
- Date: 08/01/2022
- Seller: Embrey - John Kirk
- Buyer: TA Realty
The seller, represented by John Kirk from Embrey, has successfully completed the sale of the multifamily property to the buyer, TA Realty. This transaction marks an important milestone in the Fort Worth real estate market and showcases the expertise and negotiation skills of the involved parties.
Players
Fort Worth MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
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