Updated Apr 3, 2025
Benjamin Kalter & Drew Garza Of Institutional Property Advisors Represents Sale Of Kerrville Multifamily Asset
1814 Broadway
Building Size
16,000 SF
Asset Type
MultiFamily
Closing
Mar 31, 2025
About this deal
AI
The property involved in this transaction is located at 1814 Broadway in Kerrville, featuring 17 multifamily units with a total square footage of 16,000. The date of the transaction was March 31, 2025.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Address: 1814 Broadway
- Market: Kerrville
- Units: 17
- Square Footage: 16,000
The deal was represented by Benjamin Kalter and Drew Garza from Institutional Property Advisors, a division of Marcus & Millichap.
Traded’s record for 1814 Broadway in Kerrville, Texas covers a multifamily sale from 2025. Reported inventory is 16,000 square feet across 17 units, or about 0 per square foot. Drew Garza, Benjamin (Ben) Kalter, Institutional Property Advisors, Marcus & Millichap appear on the sale alongside Institutional Property Advisors, Marcus & Millichap. This page is the Kerrville, Texas file for the 1814 Broadway multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Kerrville sit in the Market section below. Filter that Kerrville multifamily set by closing date to see what else sold near 1814 Broadway around 2025. Cite this Benjamin Kalter & Drew Garza Of Institutional Property Advisors Represents Sale Of Kerrville Multifamily Asset sale when underwriting similar multifamily product around Kerrville, Texas.
Players
Kerrville 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