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6415 Melody Lane, Dallas, T...

AV Properties Acquires 208-Unit Multifamily Property In Dallas, Texas From Concord Capital Partners
SOLDMultiFamily

AV Properties Acquires 208-Unit Multifamily Property In Dallas, Texas From Concord Capital Partners

6415 Melody Lane, Dallas, Texas 75231, United States

Building Size

66,348 SF

Asset Type

MultiFamily

Closing

Jan 31, 2022

AI

The multifamily property located at 6415 Melody Ln in Dallas, Texas has been sold in a recent transaction. The property consists of 208 units, making it a substantial asset in the market.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: Not specified
  • Address: 6415 Melody Ln
  • Market: Dallas, Texas
  • Units: 208

AV Properties has purchased the property from Concord Capital Partners. The broker representatives involved in the deal are Michael Schattner and Jonathan Brody, who are from Rosewood Realty Group.

Players

Jonathan Brody

Base Realty Group

Broker

$1.7B

vol

48 deals

Broker
Rosewood Realty Group
Rosewood Realty GroupBrokerage
Reuben Robin

Reuben Robin

Concord Capital Partners

Seller

$206.4M

vol

7 deals

Seller

Dallas 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