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2728 Cedar Springs

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

Building Size

Asset Type

MultiFamily

Closing

Oct 30, 2025

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.

Players

Patton Jones

Newmark

Broker

49 deals

Broker
Newmark
NewmarkBrokerage
David Cohen

David Cohen

Karlin Real Estate

Buyer

$369.2M

vol

21 deals

Buyer

Dallas 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