BRT Apartments Corp. Acquires Multifamily Property In San Antonio For $53.8M
SOLD
$53,800,000
Texas
See Similar DealsMultiFamily
Sold 02/10/2022
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 DealsMultiFamily
Sold 02/10/2022
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.
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Details
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Deal Type
30 years
10 years
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
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