Updated Jan 8, 2026
Jeffrey Goldberg Of Fairstead Acquires 168-Unit Multifamily Property In Houston For $43.4M
777 Coolwood Drive
$43,400,000
Units
168
Asset Type
MultiFamily
Closing
Jan 7, 2026
About this deal
AI
The property involved in the transaction is a multifamily asset located at 777 Coolwood Drive in Houston. The property consists of 168 units, which were acquired for a sale price of $43,400,000, resulting in a price per unit of $258,333. The buyer, Fairstead, plans to revitalize the community and has engaged financing from PNC Bank along with state tax credit programs.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $43,400,000
- Buyer's Name: Jeffrey Goldberg
- Buyer's Agency: Fairstead
- Lender: PNC Bank
- Units: 168
- Price Per Unit: $258,333
Jeffrey Goldberg represents Fairstead in the acquisition of Coolwood Oaks, which will undergo renovations totaling $14 million to modernize both the individual units and common areas. This investment will enhance Fairstead’s presence in Texas, expanding their portfolio to over 2,000 affordable residences.
On the Map
$43,400,000
MultiFamily
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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
0.37%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93