Updated Oct 28, 2024
Worth Street Partners Acquires Multifamily Property In Dallas From Gomel Texas LLC
3122 Park Ln, Dallas, TX, USA
Building Size
760 SF
Asset Type
MultiFamily
Closing
Jun 2, 2020
About this deal
AI
Gomel Texas LLC has sold a multifamily property in Dallas located at 3122 Park Ln #115N. The property, consisting of 108 units, was purchased by Worth Street Partners. The transaction was facilitated by Mark Allen of Greystone, who represented the buyer.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Date: 06/02/2021
- Address: 3122 Park Ln #115N
- Market: Dallas
- Units: 108
Mark Allen, from Greystone, played a key role in the sale of the multifamily property. As the representative of Worth Street Partners, Allen successfully negotiated the deal on their behalf.
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