Updated Oct 28, 2024
July Residential Acquires Multifamily Property With 536 Units In Houston
6000 Hollister Street, Houston, TX 77040, USA
Building Size
1,000 SF
Asset Type
MultiFamily
Closing
Dec 10, 2021
About this deal
AI
A multifamily property with 536 units located at 6000 Hollister St in Houston has been sold. The transaction took place on December 10, 2021. The buyer of the property is July Residential.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 6000 Hollister St, Houston
- Market: Houston
- Units: 536
The transaction was facilitated by mortgage brokers Mitch Sinberg, Matthew Robbins, and Abigail Beauchamp from Berkadia.
Traded’s record for 6000 Hollister Street, Houston, TX 77040, USA in Houston, Texas covers a multifamily sale from 2021. Reported inventory is 1,000 square feet across 536 units, or about 0 per square foot. Abigail Beauchamp, Mitch Sinberg, Matthew (Matt) Robbins, Berkadia appear on the sale alongside Berkadia. This page is the Houston, Texas file for the 6000 Hollister Street, Houston, TX 77040, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Houston sit in the Market section below. Filter that Houston multifamily set by closing date to see what else sold near 6000 Hollister Street, Houston, TX 77040, USA around 2021. Cite this July Residential Acquires Multifamily Property With 536 Units In Houston sale when underwriting similar multifamily product around Houston, Texas.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93