SOLDMultiFamily
Greysteel Acquires 160-Unit Multifamily Property In El Paso
6938 Alto Rey Avenue, El Paso, Texas 79912, United States
Building Size
—
Asset Type
MultiFamily
Closing
Mar 17, 2022
AI
A multifamily property consisting of 160 units located at 6938 Alto Rey Ave in El Paso has been sold. The transaction was finalized on 03/18/2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not available
- Address: 6938 Alto Rey Ave
- Market: El Paso
- Number of Units: 160
The sale of the property was facilitated by the brokers Jack Stone and Doug Banerjee, representing Greysteel.
Players
El Paso MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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