Omer Ivanir & Bryce Overend Acquire 323-Unit Multifamily Property In Houston
7740 West Little York Road, Houston, TX 77040
Building Size
407,432 SF
Asset Type
MultiFamily
Closing
Jan 21, 2022
AI
TriWest Multifamily LLC, represented by Omer Ivanir & Bryce Overend, has acquired the Estates At Hollister, a multifamily property located at 7740 W Little York Road in Houston. The transaction was completed on January 21, 2022. The property comprises 323 units with a total size of 407,432 square feet.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Units: 323
- Square Footage: 407,432
- Address: 7740 W Little York Road, Houston
Michael Koshet, a multifamily specialist, represented the seller, MA Estates At Hollister LLC, in the transaction.
For more information, you can visit www.TriWestDev.com.
Players
Houston 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