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
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