{"id":1004126587,"date":"2015-08-31T19:46:06","date_gmt":"2015-09-01T03:46:06","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=359675"},"modified":"2020-05-18T00:28:25","modified_gmt":"2020-05-18T08:28:25","slug":"new-greysteel-deal-in-old-east-dallas-3","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/new-greysteel-deal-in-old-east-dallas-3\/","title":{"rendered":"New Greysteel Deal in Old East Dallas"},"content":{"rendered":"<p><em>By Liviu Oltean, Associate Editor<\/em><\/p>\n<p style=\"text-align: justify;\">A 26-unit multifamily complex in the Old East Dallas neighborhood of Big D has been put on the market, <strong><a href=\"https:\/\/www.greysteel.com\/\" rel=\"nofollow\" >Greysteel<\/a> <\/strong>announced.<\/p>\n<div id=\"attachment_359677\" class=\"wp-caption alignright\" style=\"width: 310px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/08\/Carroll-Place.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-359677\" title=\"Carroll Place\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/08\/Carroll-Place.jpg\" alt=\"Carroll Place\" width=\"300\" height=\"198\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">Carroll Place<\/p>\n<\/div>\n<p style=\"text-align: justify;\">Carroll Place, as the  29-year-old community is known, is located at 1500 N. Carroll Ave. It features a mix of six efficiency and 20 one-bedroom units spread across three two-story buildings. Greysteel, which has been assigned as exclusive advisor and sales agent for the property, described the community as a good value-added opportunity, as renovated assets in the area are achieving rent premiums in excess of $200 above the community&#8217;s current rental rates.<\/p>\n<p style=\"text-align: justify;\">The firm&#8217;s sales team of Boyan Radic, Doug Banerjee, Andrew Mueller and John Marshall Doss will act on behalf of an undisclosed seller.<\/p>\n<p style=\"text-align: justify;\">\u201cCarroll Place offers the rare opportunity to purchase and renovate a 1980s-construction multifamily complex in the booming Old East Dallas neighborhood,\u201d Andrew Mueller, investment associate with Greysteel, said in a prepared statement. \u201cAs rent and land prices continue to increase in neighboring Uptown, developers and residents alike are looking at Old East Dallas as a cost-effective alternative.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A 26-unit multifamily complex in the Old East Dallas neighborhood of Dallas has been put on the market.<\/p>\n","protected":false},"author":1158,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1586,21742],"tags":[],"class_list":["post-1004126587","post","type-post","status-publish","format-standard","hentry","category-dallas","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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