Updated Dec 21, 2023
North Point Capital Acquires Multifamily Property In Houston
5410 North Braeswood Boulevard, Houston, TX 77096
Building Size
1,100,000 SF
Asset Type
MultiFamily
Closing
Dec 21, 2021
About this deal
AI
The multifamily property located at 5410 N Braeswood Blvd in Houston has been sold in a recent transaction. The property spans approximately 1,100,000 square feet and consists of 1,300 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Market: Houston
- Address: 5410 N Braeswood Blvd
- Buyer: North Point Capital; David P. Zar & Shawn Hakimian; Olive Tree Holding
The buying entities involved in the deal include North Point Capital, David P. Zar & Shawn Hakimian, and Olive Tree Holding. No further details regarding the transaction amount were provided in the available information.
Players
Houston 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