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BRT Apartments Corp. Acquires Multifamily Property In San Antonio For $53.8M

Property Image
SOLD
$53,800,000

Texas

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MultiFamily
Sold 02/10/2022
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Property Image
SOLD

BRT Apartments Corp. Acquires Multifamily Property In San Antonio For $53.8M

17203 Northwest Military Highway, San Antonio, Texas 78257, United States

See Similar Deals
MultiFamily
Sold 02/10/2022
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Summary

TEXAS
Asset Type:MultiFamily
Transaction Type:Sale

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.

Players

5 deals$192.3M volume
SELLER

Details

SOLD
IMAGE: Jeffrey A. Gould DATE: 02/10/2022 ADDRESS: 17203 NW Military Hwy MARKET: San Antonio ASSET TYPE: Multifamily SELLER: BRT Apartments Corp. - Jeffrey A. Gould SALE PRICE: $53,800,000 UNITS: 288 ~ PPU: $186,806

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,869,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$191,140.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$255,039.45
Annual Debt Service$3,060,473.37