Updated Jan 30, 2024
Greysteel Acquires 160-Unit Multifamily Property In El Paso
6938 Alto Rey Avenue, El Paso, Texas 79912, United States
Units
160
Asset Type
MultiFamily
Closing
Mar 17, 2022
About this deal
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.
Traded’s record for 6938 Alto Rey Avenue, El Paso, Texas 79912, United States in El Paso, Texas covers a multifamily sale from 2022. Reported inventory is 160 units across 160 units. Jack Stone, Doug Banerjee, Greysteel appear on the sale alongside Greysteel. This page is the El Paso, Texas file for the 6938 Alto Rey Avenue, El Paso, Texas 79912, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same El Paso sit in the Market section below. Filter that El Paso multifamily set by closing date to see what else sold near 6938 Alto Rey Avenue, El Paso, Texas 79912, United States around 2022. Cite this Greysteel Acquires 160-Unit Multifamily Property In El Paso sale when underwriting similar multifamily product around El Paso, Texas.
El Paso 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