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2777 North Buckner Boulevard

The Lake Lofts Sold In Dallas Multifamily Sale Brokered By Guillermo Gameros
SOLDMultiFamily

The Lake Lofts Sold In Dallas Multifamily Sale Brokered By Guillermo Gameros

2777 North Buckner Boulevard

Building Size

Asset Type

MultiFamily

Closing

Jan 5, 2026

AI

The Lake Lofts, a multifamily asset located at 2777 North Buckner Boulevard in Dallas, consists of 386 units and was built in the 1960s. The transaction involved navigating a Fannie Mae loan assumption and included fire-damaged buildings that required demolition prior to closing.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: Not specified
  • Units: 386
  • Address: 2777 North Buckner Boulevard
  • Market: Dallas

Guillermo Gameros from The Multifamily Group represented the seller in this transaction. The sale marked the largest 1960s-era multifamily deal in the DFW metroplex over the preceding 18 months.

Players

Guillermo Gameros

The Multifamily Group

Broker

1 deal

Broker
The Multifamily Group
The Multifamily GroupBrokerage

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