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777 Coolwood Drive

Updated Jan 8, 2026

Jeffrey Goldberg Of Fairstead Acquires 168-Unit Multifamily Property In Houston For $43.4M
SOLDMultiFamily

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

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$43,400,000

MultiFamily

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Players

Jeffrey Goldberg

Fairstead

Buyer

$1.3B

vol

14 deals

Buyer
PNC Bank
PNC BankLender
Bilt advertisement

Houston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $258.3K per unit across 168 units on a published $43.4M (2026).

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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

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