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4224 King Street, Greenvill...

Updated Nov 20, 2025

J Stark Management Acquires Multifamily Property In Greenville, TX For $15M
SOLDMultiFamily

J Stark Management Acquires Multifamily Property In Greenville, TX For $15M

4224 King Street, Greenville, TX, USA

$15,000,000

$96/SF

Building Size

155,000 SF

Asset Type

MultiFamily

Closing

Apr 21, 2021

About this deal

AI

An apartment complex located at 4224 King Street and 1919 Joe Ramsey Blvd in Greenville, TX has been sold in a recent transaction. The property, spanning approximately 155,000 square feet, was listed for sale by Platinum Properties. The buyer, J Stark Management, acquired the multifamily asset for a sale price of $15,000,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $15,000,000
  • Address: 4224 King Street, 1919 Joe Ramsey Blvd, Greenville, TX
  • Market: Greenville, TX

The sale was facilitated by the brokers Steven Vegh and Phil Goldstein of Westwood Realty Associates. Steven Vegh can be contacted at [email protected] or at 917-715-8259. They provided advice on the sale and financing of the property. The financing for the transaction was secured through Harbor Group International's bridge program.

Players

Steven Vegh

Westwood Realty Associates

Broker

$2.5B

vol

68 deals

Broker
Platinum Commercial
Platinum CommercialBrokerage

Greenville MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $96 per square foot on a published $15M for 155,000 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.06%

Cash-on-Cash

-0.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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