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516 East Quincy Street

Kent Yao Sells 20-Unit Multifamily Asset At 512-516 E Quincy St San Antonio
SOLDMultiFamily

Kent Yao Sells 20-Unit Multifamily Asset At 512-516 E Quincy St San Antonio

516 East Quincy Street

Building Size

10,817 SF

Asset Type

MultiFamily

Closing

Oct 30, 2025

AI

The property involved in the transaction is a multifamily asset located at 512 - 516 E Quincy St, situated in the San Antonio market. It comprises 20 units and offers a total square footage of 10,817. The asset was sold as part of a closed transaction.

Summary of transaction details:

Key individuals involved in this transaction include the seller, Kent Yao, who facilitated the sale through the brokerage team of Ben Kalter and Drew Garza representing the buyer in the process. The brokerage firm is affiliated with Institutional Property Advisors and Marcus & Millichap, highlighting the expertise involved in this multifamily property transaction.

Players

Drew Garza

Institutional Property Advisors

Broker

$130.6M

vol

37 deals

Broker

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