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:
- Property Type: MultiFamily
- Transaction Amount: Not specified
- Address: 2728 Cedar Springs
- Market: Dallas
- Units: 299
- Buyer: David Cohen - Karlin Real Estate
- Broker Representatives: Patton Jones, Andrew Dickson, Brian O’Boyle Jr & Brian Murphy - Newmark
- Mortgage Brokers: Jonathan Firestone, Blake Thompson & Travis Bailey - Newmark
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
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