Updated Dec 19, 2023
Greysteel Facilitates Sale Of 92-Unit Multifamily Property In San Antonio
2903 Hillcrest Drive, San Antonio, TX 78201, USA
Building Size
28,312 SF
Asset Type
MultiFamily
Closing
Nov 10, 2021
About this deal
AI
The multifamily property located at 2903 Hillcrest Dr in San Antonio has been sold. The transaction took place on 11/10/2021. The property consists of 92 units, making it a significant investment opportunity in the San Antonio market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 2903 Hillcrest Dr
- Market: San Antonio
- Number of Units: 92
The sale of this property was facilitated by J.R. Ellis and Paula Orozco-Lapray, who represented the sellers or buyers in the transaction. They are affiliated with the brokerage firm Greysteel, showcasing their expertise in the market and their ability to successfully negotiate the deal.
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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