Jesse Mamuhewa And David McCutchan Acquire Multifamily Assets In Austin From The McGregor Family
4210 Red River Street, 915 East 41st Street, 923 East 41st Street & East 33rd Street
Building Size
412,000 SF
Asset Type
MultiFamily
Closing
Oct 31, 2024
AI
The property involved in this transaction consists of multiple multifamily assets located at 4210 Red River Street, 915 East 41st Street, 923 East 41st Street, and East 33rd Street in the Austin market. The sale was completed on October 31, 2024.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Buyer: Jesse Mamuhewa & David McCutchan
- Buyer Company: Resolute Capital
- Seller: The McGregor Family
- Broker: Daniel Elam - Muskin | Elam Group
This transaction involved Jesse Mamuhewa and David McCutchan representing Resolute Capital as buyers, while The McGregor Family served as the seller. Daniel Elam acted as the broker for the transaction, representing the interests of the seller throughout the deal.
Players
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93