Updated Dec 22, 2023
Better World Holdings And Crown Capital Ventures Acquire 362-Unit Multifamily In Houston
6061 Beverlyhill Street, Houston, Texas 77057, United States
Units
362
Asset Type
MultiFamily
Closing
Aug 8, 2022
About this deal
AI
Located at 6061 Beverly Hill Street in Houston, this recently closed transaction involved a multifamily property comprising 362 units. The sale took place on 08/09/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not provided
- Address: 6061 Beverly Hill Street
- Market: Houston
- Units: 362
The buyers in this deal were Better World Holdings, represented by Reuven Bisk and Terri Clifton, and Crown Capital Ventures, represented by Shia Grunzweig. The seller of the property was CPEP Beverly Palms, LLC.
Traded’s record for 6061 Beverlyhill Street, Houston, Texas 77057, United States in Houston, Texas covers a multifamily sale from 2022. Reported inventory is 362 units across 362 units. This page is the Houston, Texas file for the 6061 Beverlyhill Street, Houston, Texas 77057, United States 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 6061 Beverlyhill Street, Houston, Texas 77057, United States around 2022. Cite this Better World Holdings And Crown Capital Ventures Acquire 362-Unit Multifamily 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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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