SOLDMultiFamily
The Multifamily Group Acquires 367-Unit Multifamily Portfolio In San Antonio
6218 South New Braunfels Avenue, San Antonio, Texas 78223, United States
Building Size
—
Asset Type
MultiFamily
Closing
Jan 9, 2022
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.
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