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13500 Lyndhurst Street, Aus...

AMLI Residential Acquires Multifamily Property In Austin From StreetLights Residential
SOLDMultiFamily

AMLI Residential Acquires Multifamily Property In Austin From StreetLights Residential

13500 Lyndhurst Street, Austin, TX 78717, USA

Building Size

376,081 SF

Asset Type

MultiFamily

Closing

Jun 11, 2020

AI

A multifamily property located at 13500 Lyndhurst St in Austin has been sold. The transaction took place on 06/11/2021 and involved a total of 373 units. The property was sold by StreetLights Residential, represented by Tom Bakewell and Doug Chesnut, to AMLI Residential, represented by Gregory Mutz. The deal was facilitated by broker Patton Jones of Newmark.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: Not available
  • Address: 13500 Lyndhurst St
  • Market: Austin

The key individuals involved in this transaction include Tom Bakewell and Doug Chesnut, who represented the seller, StreetLights Residential. On the buyer's side, Gregory Mutz represented AMLI Residential. The deal was brokered by Patton Jones of Newmark.

Players

Patton Jones

Newmark

Broker

49 deals

Broker
Greg Mutz

Greg Mutz

AMLI Residential

Buyer

$283.2M

vol

7 deals

Buyer
SR
StreetLights ResidentialSeller

Austin 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93