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2500 River Park Drive, Fort...

TA Realty Acquires 293-Unit Multifamily Property In Fort Worth From Embrey
SOLDMultiFamily

TA Realty Acquires 293-Unit Multifamily Property In Fort Worth From Embrey

2500 River Park Drive, Fort Worth, Texas 76116, United States

Building Size

Asset Type

MultiFamily

Closing

Jul 31, 2022

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

TA Realty
TA RealtyBuyer

Fort Worth MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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