Updated Dec 21, 2023
Fogelman Properties Acquires 201-Unit Multifamily Property In League City, TX
601 Enterprise Avenue, League City, Texas 77573, United States
Building Size
153,347 SF
Asset Type
MultiFamily
Closing
Jul 11, 2022
About this deal
AI
The multifamily property located at 601 Enterprise Ave in League City has been sold. The transaction took place on 07/12/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not mentioned
- Number of Units: 201
The buyer of the property is Fogelman Properties, represented by Rick Fogelman & Mark Fogelman.
Traded’s record for 601 Enterprise Avenue, League City, Texas 77573, United States in League City, Texas covers a multifamily sale from 2022. Reported inventory is 153,347 square feet across 201 units, or about 0 per square foot. This page is the League City, Texas file for the 601 Enterprise Avenue, League City, Texas 77573, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same League City sit in the Market section below. Filter that League City multifamily set by closing date to see what else sold near 601 Enterprise Avenue, League City, Texas 77573, United States around 2022. Cite this Fogelman Properties Acquires 201-Unit Multifamily Property In League City, TX sale when underwriting similar multifamily product around League City, Texas.
Players
League City 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