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2728 Cedar Springs

Updated Nov 3, 2025

David Cohen Of Karlin Real Estate Acquires 299-Unit Multifamily Property In Dallas
SOLDMultiFamily

David Cohen Of Karlin Real Estate Acquires 299-Unit Multifamily Property In Dallas

2728 Cedar Springs

Units

299

Asset Type

MultiFamily

Closing

Oct 30, 2025

About this deal

AI

The Brady is a 299-unit luxury apartment community situated at 2728 Cedar Springs Road in Uptown Dallas. The transaction involved the sale of this multifamily asset in the Dallas market.

Summary of transaction details:

Karlin Real Estate acquired the asset with plans for a value-add renovation program. Newmark represented the seller in this transaction and also arranged acquisition financing for the buyer.

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MultiFamily

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Players

Patton Jones

Newmark

Broker

49 deals

Broker
Newmark
NewmarkBrokerage
David Cohen

David Cohen

Karlin Real Estate

Buyer

$369.2M

vol

21 deals

Buyer
Bilt advertisement

Dallas 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

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