Gregg Popovich Acquires 15,000-SF Penthouse In San Antonio's Southtown District
Building Size
15,000 SF
Asset Type
Condo
Closing
May 4, 2023
About this deal
AI
San Antonio Spurs head coach Gregg Popovich has purchased a 15,000-square-foot two-story penthouse in San Antonio's Southtown district for an undisclosed amount. The penthouse, located on the fifth and sixth floors of the building, features six bedrooms, seven full bathrooms, three half bathrooms, a private elevator, and a 7,500-square-foot deck with a private jetted swim spa. It was listed for $7.25 million in 2021.
Summary of transaction details
- Property Type: Penthouse
- Transaction Amount: Undisclosed
- Address: Not provided
- Market: San Antonio
- Square Footage: 15,000
The buyer, Gregg Popovich, secured the purchase through his representative, Katie Tottenham from Kuper Sotheby’s. The seller's representative in the transaction was Michael Reisor from Douglas Elliman.
Players
Market Condo Market Snapshot
Boundary boundary · Condo · 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