Updated Dec 21, 2023
Greysteel Brokers Sale Of 84-unit Multifamily Property In Austin
2801 Hemphill Park, Austin, Texas 78705, United States
Units
84
Asset Type
MultiFamily
Closing
Sep 6, 2022
About this deal
AI
Austin's multifamily market saw a recent transaction at 2801 Hemphill Park, involving a property with 84 units. The sale was facilitated by brokers J.R. Ellis & Jack Stone of Greysteel.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Market: Austin
- Units: 84
- Brokers: J.R. Ellis & Jack Stone - Greysteel
With J.R. Ellis and Jack Stone representing Greysteel, this deal highlights the presence of experienced brokers in the Austin market. The transaction at 2801 Hemphill Park demonstrates the continued activity in the multifamily sector, as buyers and sellers capitalize on the opportunities available in Austin's real estate market.
On the Map
MultiFamily
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Austin MultiFamily Market Snapshot
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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