Rastegar Property Company Acquires Residential Property On Berkman Dr. In North Central Austin
6707 Berkman Drive, Austin, TX, USA
Building Size
21,678 SF
Asset Type
Co-Op
Closing
Jun 24, 2020
About this deal
AI
The residential property located at 6707 Berkman Dr. in North Central Austin has been sold in a recent transaction. The sale took place on 06/25/2020. The property was purchased by Rastegar Property Company, led by Ari Rastegar, who has been an active buyer of multifamily properties in Austin. Despite the challenges posed by the volatile capital markets during the pandemic, Rastegar Property Company has continued to invest in centrally located properties in the area.
Summary of transaction details
- Property Type: Residential
- Transaction Amount: Not specified
- Address: 6707 Berkman Dr.
- Market: North Central Austin
Forest Bass from Walker & Dunlop represented Rastegar Property Company as their broker in this transaction.
On the Map
Co-Op
View full map
Austin Co-Op Market Snapshot
Boundary boundary · Co-Op · Sale transactions
Loading comparables…
Deal FAQ
Visit Ari Rastegar to view all their deals.
Browse Texas co op sales on Traded.
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