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
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