Updated Oct 28, 2024
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
About this deal
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
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