Updated Oct 28, 2024
BRT Apartments Corp. Acquires Multifamily Property In San Antonio For $53.8M
17203 Northwest Military Highway, San Antonio, Texas 78257, United States
$53,800,000
Units
288
Asset Type
MultiFamily
Closing
Feb 9, 2022
About this deal
AI
The multifamily property located at 17203 NW Military Hwy in San Antonio has been sold for a total of $53,800,000. The transaction took place on February 10, 2022. The property consists of 288 units, resulting in a price per unit of $186,806.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $53,800,000
- Address: 17203 NW Military Hwy, San Antonio
The seller of the property was BRT Apartments Corp., represented by Jeffrey A. Gould. The sale of this multifamily asset marks a significant transaction in the San Antonio market.
San Antonio 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
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93