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7835 Grow Lane

Shimon Rieder Acquires 529-Unit Multifamily Property On Grow Lane, Houston, TX
SOLDMultiFamily

Shimon Rieder Acquires 529-Unit Multifamily Property On Grow Lane, Houston, TX

7835 Grow Lane

Building Size

Asset Type

MultiFamily

Closing

Apr 3, 2022

AI

The multifamily property located at 7835 & 8047 Grow Lane in Houston, TX has been sold in a recent transaction. The property consists of 529 units and was part of a sale.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: Not specified
  • Address: 7835 & 8047 Grow Lane
  • Market: Houston, TX
  • Units: 529

Shimon Rieder is the buyer in this transaction, while Nitya Capital is the seller. Rosewood Realty represented both parties in the deal, with Aaron Jungreis serving as the buyer's representative and Mike Kerwin and Scott Bernstein representing the seller.

Players

Aaron Jungreis

Rosewood Realty Group

Broker

$4.4B

vol

207 deals

Broker
Nitya Capital
Nitya CapitalSeller

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