Indus Management Acquires 396-Unit Multifamily Property In Houston From Pryzant Management
7575 Bissonnet Street, Houston, TX, USA
Building Size
525 SF
Asset Type
MultiFamily
Closing
Dec 3, 2020
AI
The multifamily property located at 7575 Bissonnet Street in Houston was recently sold in a transaction on December 4, 2020. The property features 396 units, making it a significant asset in the market.
Summary of transaction details
- Property Type: Multifamily
- Sale Date: 12/04/2020
- Address: 7575 Bissonnet Street, Houston
- Market: Houston
- Units: 396
- Seller: Pryzant Management
- Buyer: Indus Management
- Brokers: Chris Young & Joey Rippel - JLL
The sale of this multifamily property was facilitated by Chris Young and Joey Rippel from JLL, who represented both the buyer, Indus Management, and the seller, Pryzant Management. Their expertise and negotiation skills were crucial in ensuring a successful transaction.
Players
Houston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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