Updated Dec 21, 2023
29th Street Capital Acquires Multifamily Property In Houston With Doug Burt, Stan Beraznik & Robb Bollhoffer
7200 Almeda Road, Houston, TX 77054, USA
Building Size
1,123 SF
Asset Type
MultiFamily
Closing
May 25, 2020
About this deal
AI
29th Street Capital, represented by Doug Burt, Stan Beraznik, and Robb Bollhoffer, has acquired a multifamily property located at 7200 Almeda Road in Houston. This property consists of 224 units and was sold on May 25, 2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 7200 Almeda Road, Houston
- Market: Houston
- Units: 224
The acquisition of this property marks an investment by 29th Street Capital, with Doug Burt, Stan Beraznik, and Robb Bollhoffer representing the buyer. Additional details regarding the transaction, such as the sale price or loan amount, were not available.
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