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1250 Foxdale Loop

Jason Post Of Post Real Estate Group And William Hirsch Acquire Foxdale Village In San Jose For $48M
SOLDMultiFamily

Jason Post Of Post Real Estate Group And William Hirsch Acquire Foxdale Village In San Jose For $48M

1250 Foxdale Loop

$48,000,000

Building Size

Asset Type

MultiFamily

Closing

Feb 27, 2025

AI

The asset involved in the transaction is a 287-unit multifamily community located at 1250 Foxdale Loop in San Jose. The property is income-restricted under the Low-Income Housing Tax Credit (LIHTC) program and was built in 1979. The sale price for the property was $48,000,000, amounting to approximately $167,247 per unit, which is below the metro’s 2024 average of $449,000 per unit.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $48,000,000
  • Units: 287
  • Price Per Unit: $167,247
  • Buyer: Jason Post - Post Real Estate Group; William Hirsch - Affordable Housing Access
  • Seller: Marquis Hyatt & Paul Fruchbom - KDF Communities
  • Lender: CBRE Multifamily Capital

Jason Post, representing Post Real Estate Group, and William Hirsch, representing Affordable Housing Access, were the purchasers of the property, while Marquis Hyatt and Paul Fruchbom represented KDF Communities as the sellers. CBRE issued a loan of $46.2 million to facilitate the acquisition.

Players

Jason Post

Post Real Estate Group

Buyer

$243.1M

vol

5 deals

Buyer
CBRE
CBRELender

San Jose 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

0.33%

Cash-on-Cash

-0.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93