Updated Oct 29, 2024
Weinstein Properties Acquires 337-Unit Multifamily Property In Fort Worth From Endeavor Real Estate Group
411 Harrold Street, Fort Worth, TX, USA
Building Size
1,543 SF
Asset Type
MultiFamily
Closing
Dec 21, 2020
About this deal
AI
The multifamily property at 411 Harrold Street in Fort Worth was recently sold in a transaction on December 22, 2020. The property consists of 337 units and was acquired by Weinstein Properties. The seller in the deal was Endeavor Real Estate Group, represented by David Roche. The transaction was facilitated by Marcus & Millichap.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Address: 411 Harrold Street, Fort Worth
- Units: 337
- Seller: Endeavor Real Estate Group - David Roche
- Buyer: Weinstein Properties
- Broker: Marcus & Millichap
The deal was successfully completed with the involvement of key individuals, including David Roche from Endeavor Real Estate Group as the seller's representative, and Marcus Weinstein, David Roche, and Allison Weinstein from Weinstein Properties as the buyer. The brokerage firm, Marcus & Millichap, played a crucial role in facilitating the transaction.
Players
Fort Worth MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
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