Buchanan Street Partners Acquires Multifamily Property In Dallas With Timothy Ballard And Mark Levin
4600 Ross Avenue, Dallas, TX 75204, USA
Building Size
60,000 SF
Asset Type
MultiFamily
Closing
Sep 7, 2021
AI
The multifamily property located at 4600 Ross Ave in Dallas has been sold in a recent transaction. The property consists of 300 units and was part of a sale agreement between the buyer and seller.
Summary of transaction details
- Property Type: Multifamily
- Transaction Date: 09/07/2021
- Address: 4600 Ross Ave
- Market: Dallas
- Units: 300
The buyer of the property is Buchanan Street Partners, represented by Timothy Ballard. On the other hand, Cypress Real Estate Advisors, represented by Mark Levin, served as the seller in this transaction.
Players
Dallas MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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