Updated Dec 20, 2023
The Multifamily Group Acquires 367-Unit Multifamily Portfolio In San Antonio
6218 South New Braunfels Avenue, San Antonio, Texas 78223, United States
Units
367
Asset Type
MultiFamily
Closing
Jan 9, 2022
About this deal
AI
The property involved in the transaction is a multifamily asset located at 6218 S New Braunfels Ave, 427 Montrose St, and 807 Flame Cir in San Antonio. The property consists of 367 units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Date: 01/10/2022
- Address: 6218 S New Braunfels Ave, 427 Montrose St & 807 Flame Cir
- Market: San Antonio
- Units: 367
The deal was facilitated by Chris Siemasko, Paul Yazbeck, Jon Krebbs & Bryce Smith from The Multifamily Group.
On the Map
MultiFamily
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San Antonio 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