Jeffrey Goldberg & Allan Izzo Of Fairstead Acquire Haverstock Hills Apartments In Houston For $242M
5619 Aldine Bender Road
$242,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Dec 15, 2025
AI
The asset involved in this transaction is Haverstock Hills Apartments, a multifamily property located at 5619 Aldine Bender Road in the Houston market. The property consists of 700 units, with a sale price of $242,000,000, resulting in a price per unit of $345,714. The acquisition is positioned as an affordable housing community in Houston’s East Aldine neighborhood.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $242,000,000
- Buyer: Jeffrey Goldberg & Allan Izzo
- Buyer’s Agency: Fairstead
- Units: 700
- Price Per Unit: $345,714
Jeffrey Goldberg and Allan Izzo, representing Fairstead, are the key individuals behind this acquisition. The deal includes plans for comprehensive renovations aimed at modernizing the units and common areas, enhancing safety, and providing service-enriched programming for residents. The renovation project is supported by PNC Multifamily Capital, Harris County Housing Finance Corporation, and Rainbow Housing Corporation, with completion anticipated by early 2028.
Players
Houston 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
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93