Updated Oct 28, 2024
S2 Capital Acquires 369-Unit Multifamily Property In Fort Worth From Cityview
520 Samuels Avenue, Fort Worth, TX 76102
Building Size
459,030 SF
Asset Type
MultiFamily
Closing
Jun 14, 2020
About this deal
AI
520 Samuels Ave in Fort Worth was recently sold in a multifamily transaction. The property consists of 369 units and was sold on 06/14/2021. The sale was facilitated by John Poston of Lincoln Property Company, who represented the buyer S2 Capital. The seller in this transaction was Cityview.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 520 Samuels Ave, Fort Worth
- Market: Fort Worth
- Units: 369
John Poston of Lincoln Property Company played a key role as the broker representing the buyer, S2 Capital, in the acquisition of 520 Samuels Ave. The seller, Cityview, completed the transaction, making this a successful multifamily deal in Fort Worth.
Players
Fort Worth 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93