Jonathan Shainberg & Elliot Shainberg Acquire Multifamily Asset In Dallas For $39.5M

The property asset involved in this transaction is a multifamily development located at 660 Yorktown Street in the Dallas market. The transaction amount was $39,500,000, encompassing 226 units and totaling 186,540 square feet. The price per unit is calculated at $174,778, while the price per square foot is $211.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $39,500,000
• Address: 660 Yorktown Street
• Market: Dallas
• Units: 226
• Square Feet: 186,540
• Price Per Unit: $174,778
• Price Per Square Foot: $211
• Buyer: Jonathan Shainberg & Elliot Shainberg - ShainRealty Capital
• Seller: Nuveen Real Estate
• Broker Representatives: Eric Calub & Caleb Jones - Berkadia

The deal features the involvement of Jonathan Shainberg and Elliot Shainberg, representing ShainRealty Capital as the buyers, while Nuveen Real Estate functions as the seller. The transaction was facilitated by brokers Eric Calub and Caleb Jones from Berkadia. Notably, the Yorktown Luxury Apartments is recognized for its Energy Star Rated construction and includes various luxury amenities designed to enhance tenant experience.