Updated Dec 4, 2024
Northmarq Facilitates Sale Of 56-Unit Cityscape Arts Multifamily Property In Fort Worth
301 Nichols Street
Units
56
Asset Type
MultiFamily
Closing
Sep 11, 2024
About this deal
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.
Traded’s record for 301 Nichols Street in Fort Worth, Texas covers a multifamily sale from 2024. Reported inventory is 56 units across 56 units. Named participants on the 301 Nichols Street sale are Eric Stockley, Charles Hubbard, Taylor Snoddy. This page is the Fort Worth, Texas file for the 301 Nichols Street multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Fort Worth sit in the Market section below. Filter that Fort Worth multifamily set by closing date to see what else sold near 301 Nichols Street around 2024. Cite this Northmarq Facilitates Sale Of 56-Unit Cityscape Arts Multifamily Property In Fort Worth sale when underwriting similar multifamily product around Fort Worth, Texas.
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