facebook

traded

+ Submit
Home

/

Deals

/

Texas

/

Multifamily

/

Sale

/

12001 Metric Boulevard, Aus...

Langdon Street Capital Acquires 200-Unit Multifamily Property In Austin From Nitya Capital
SOLDMultiFamily

Langdon Street Capital Acquires 200-Unit Multifamily Property In Austin From Nitya Capital

12001 Metric Boulevard, Austin, TX 78758, USA

Building Size

920 SF

Asset Type

MultiFamily

Closing

Sep 30, 2021

AI

The multifamily property located at 12001 Metric Blvd in Austin was recently sold in a transaction that took place on September 30, 2021. The property consists of 200 units, making it a significant asset in the market.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: Not specified
  • Address: 12001 Metric Blvd, Austin
  • Market: Austin
  • Units: 200

Langdon Street Capital, represented by Adam Daneshgar, acquired the property from Nitya Capital, represented by Swapnil Agrawal. The deal was facilitated by Jim Young of Newmark, who acted as the broker in the transaction.

Players

James Young

Newmark

Broker

8 deals

Broker
LC
Langdon Street CapitalBuyer

Austin MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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