Updated Aug 29, 2025
Jeffrey Goldberg Of Fairstead Acquires 167-Unit Royal Crest Multifamily In Dallas For $24M
3558 Wilhurt Avenue
Units
167
Asset Type
MultiFamily
Closing
Aug 29, 2025
About this deal
AI
The asset involved in the transaction is a 167-unit multifamily property located at 3558 Wilhurt Avenue, in the Dallas market. The property is named Royal Crest, which is an affordable housing complex. The transaction includes plans for a substantial renovation estimated at $24 million.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Units: 167
- Address: 3558 Wilhurt Avenue
- Market: Dallas
- Buyer: Jeffrey Goldberg
- Buyer Agency: Fairstead
- Lender: Capital One
The financing for the acquisition was provided by Capital One, while Hudson Housing Capital played a role in syndicating tax credit equity for the renovation project. The completion of the renovation is projected for next fall.
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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