Updated Oct 29, 2024
Morningside Group Acquires Multifamily Property In San Antonio
3819 Harry Wurzbach Road, San Antonio, TX, USA
Building Size
585 SF
Asset Type
MultiFamily
Closing
Feb 23, 2021
About this deal
AI
Located at 3819 Harry Wurzbach Road in San Antonio, this multifamily property was recently sold in a closed transaction. The property consists of 232 units and was sold on February 24, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Units: 232
- Address: 3819 Harry Wurzbach Road
- Market: San Antonio
Morningside Group was the buyer in this transaction. The deal was facilitated by Patton Jones & Matt Michelson from Newmark.
Traded’s record for 3819 Harry Wurzbach Road, San Antonio, TX, USA in San Antonio, Texas covers a multifamily sale from 2021. Reported inventory is 585 square feet across 232 units, or about 0 per square foot. Matt Michelson, Patton Jones, Newmark appear on the sale alongside Newmark. This page is the San Antonio, Texas file for the 3819 Harry Wurzbach Road, San Antonio, TX, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same San Antonio sit in the Market section below. Filter that San Antonio multifamily set by closing date to see what else sold near 3819 Harry Wurzbach Road, San Antonio, TX, USA around 2021. Cite this Morningside Group Acquires Multifamily Property In San Antonio sale when underwriting similar multifamily product around San Antonio, Texas.
Players
San Antonio 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