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301 Nichols Street

Northmarq Facilitates Sale Of 56-Unit Cityscape Arts Multifamily Property In Fort Worth
SOLDMultiFamily

Northmarq Facilitates Sale Of 56-Unit Cityscape Arts Multifamily Property In Fort Worth

301 Nichols Street

Building Size

Asset Type

MultiFamily

Closing

Sep 11, 2024

AI

Cityscape Arts is a multifamily property located at 301 Nichols Street in Fort Worth, Texas. The asset consists of 56 units and was built in 2020.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: Not specified
  • Units: 56
  • Address: 301 Nichols Street
  • Market: Fort Worth

The transaction was facilitated by Charles Hubbard, Eric Stockley, and Taylor Snoddy, who are affiliated with NorthMarq, the brokerage that handled the sale of the property.

Players

Taylor Snoddy

NorthMarq

Broker

28 deals

Broker

Fort Worth 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