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2405 Montopolis Drive, Aust...

AMAC Acquires Montopolis Dr Multifamily In Austin For $61.9M
SOLDMultiFamily

AMAC Acquires Montopolis Dr Multifamily In Austin For $61.9M

2405 Montopolis Drive, Austin, TX 78741, USA

$61,900,000

Building Size

Asset Type

MultiFamily

Closing

Nov 18, 2021

AI

2405 Montopolis Dr, a multifamily property located in Austin, was recently sold for a total price of $61,900,000. The sale took place on November 18, 2021 and involved a total of 288 units, with a price per unit of $214,931. Maurice Kaufman represented the buyer, AMAC, in the transaction, while the seller was Mont Apartments.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $61,900,000
  • Address: 2405 Montopolis Dr, Austin
  • Market: Austin
  • Units: 288
  • Price Per Unit: $214,931

Maurice Kaufman, from AMAC, played a pivotal role as the representative of the buyer in this transaction. The seller, Mont Apartments, was successful in finalizing the sale of the multifamily property located at 2405 Montopolis Dr for a significant amount.

Players

Maurice Kaufman

AMAC

Buyer

$124M

vol

7 deals

Buyer

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

0.26%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93