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

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SOLD
$39,500,000
Caleb Jones
Eric Calub

Texas

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MultiFamily186,540 SF
Sold
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Property Image
SOLD

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

660 Yorktown Street

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MultiFamily186,540 SF
Sold
Caleb Jones
Eric Calub
the dealplayerscompscontact
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Summary

TEXAS
Asset Type:MultiFamily
Price Per Square Foot:$211
Total Square Footage:186540 SF
Transaction Type:Sale

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.

Players

Eric Calub
Berkadia
Eric Calub
3 deals$133.6M volume
BROKER
Caleb Jones
Berkadia
Caleb Jones
9 deals$39.5M volume
BROKER
Wellington Realty
Wellington Realty
BROKERAGE

Details

SOLD
IMAGE: Jonathan Shainberg & Elliot Shainberg DATE: 12/18/2024 ADDRESS: 660 Yorktown Street MARKET: Dallas ASSET TYPE: Multifamily ~ UNITS: 226 ~ SF: 186,540 BUYER: Jonathan Shainberg (@J.Shain) & Elliot Shainberg (@ElliotShainberg) -ShainRealty Capital (@ShainRealty) SELLER: Nuveen Real Estate (@Nuveeninv) BROKERS: Eric Calub & Caleb Jones - Berkadia (@Bekadia) SALE PRICE: $39,500,000 UNITS: 226 ~ PPU: $174,778 SF: 186,540 ~ PPSF: $211 NOTE FROM BUYER: The Yorktown Luxury Apartments is an Energy Star Rated construction, featuring 9 & 10-foot ceiling heights, a resort style pool, 24-hour fitness center, covered parking, billiards room, garage parking, club house, and outdoor grills. Luxury interior finishes include Granite Countertops, Vinyl Plank Flooring, Kitchen Islands, Stainless Steel Appliances, Kitchen Pantries, Oval Soaking Tubs, Espresso Cabinetry, Pendant Lighting, Washers & Dryers, Walk-In Closets, and a Tech Package with remote access door locks, thermostat and water leak sensors. The property is situated next to the affluent residential neighborhood of Kessler Park, with homes selling for a median price of $1,200,000 in 2024. Additionally, the property sits adjacent to “Sylvan Thirty,” a corridor offering 50,000 square feet of retail & restaurant space and is within three miles to Goldman Sachs new Headquarters ($500 million investment for a new 14- story 800,000 SF office tower/ campus to house 5,000+ employees). The expansion is in conjunction with a larger development by Hunt Realty, which includes a hotel tower, a 1.5-acre park and retail space all to be completed by 2027.

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