Weinstein Properties Acquires Apartment Complex In Fort Worth From StoneHawk Capital Partners
220 E Broadway Ave, Fort Worth, TX 76104, USA
Building Size
1,443 SF
Asset Type
Other
Closing
Jul 29, 2020
About this deal
AI
The apartment located at 220 East Broadway Avenue in Fort Worth has been sold. The transaction took place on July 30, 2020. The property consists of 303 units.
Summary of transaction details
- Property Type: Apartment
- Transaction Amount: Not specified
StoneHawk Capital Partners acted as the seller in this deal, while Weinstein Properties was the buyer. The brokers involved in the transaction were Drew Kile, Joey Tumminello, and Will Balthrope from Marcus & Millichap at Institutional Property Advisors.
Players
Fort Worth Other Market Snapshot
Boundary boundary · Other · 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