Updated Oct 28, 2024
BRT Apartments Corp Acquires Multifamily Property In Katy For $68M
3306 South Fry Road, Katy
$68,000,000
Units
268
Asset Type
MultiFamily
Closing
May 10, 2022
About this deal
AI
The multifamily property located at 3306 South Fry Road in Katy was recently sold for a total price of $68,000,000. The transaction took place on 05/11/2022 and was facilitated by BRT Apartments Corp. The property consists of 268 units, resulting in a price per unit of $253,731.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $68,000,000
- Address: 3306 South Fry Road
- Market: Katy
- Seller: BRT Apartments Corp - Jeffrey A. Gould
- Units: 268
- Price Per Unit (PPU): $253,731
The sale of this multifamily property was handled by Jeffrey A. Gould, representing BRT Apartments Corp. His expertise and negotiation skills played a crucial role in closing the deal successfully.
On the Map
$68,000,000
MultiFamily
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Lometa 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
0.23%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93