Updated Oct 28, 2024
Madera Residential Sells 484-Unit Multifamily Property In Fort Worth To Al Silva Of Marcus & Millichap
3145 Blue Crescent Street, Fort Worth, Texas 76116, United States
Units
484
Asset Type
MultiFamily
Closing
Dec 8, 2021
About this deal
AI
The multifamily property located at 3145 Blue Crescent St in Fort Worth has recently been sold. The property consists of 484 units, making it a significant asset in the market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 3145 Blue Crescent St
- Market: Fort Worth
- Units: 484
The seller of the property was Madera Residential, a well-known entity in the real estate industry. The sale of this multifamily asset was facilitated by broker Al Silva from Marcus & Millichap, who represented the seller in the transaction.
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