Updated Oct 29, 2024
Rastegar Property Company Acquires 30-Unit Multifamily Property In Austin
709 Lamar Pl, Austin, TX 78752, USA
Building Size
19,685 SF
Asset Type
MultiFamily
Closing
Nov 9, 2020
About this deal
AI
The multifamily property located at 709 Lamar Place in Austin has been sold in a recent transaction. The property consists of 30 units and was sold by Rastegar Property Company, represented by Ari Rastegar.
Summary of transaction details
- Property Type: Multifamily
- Transaction Date: 11/10/2020
- Address: 709 Lamar Place
- Market: Austin
- Units: 30
- Seller: Rastegar Property Company
- Buyer: Ari Rastegar
Ari Rastegar, from Rastegar Property Company, played a key role in the transaction as the buyer. This transaction demonstrates the continued interest and activity in the Austin multifamily market.
On the Map
MultiFamily
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Austin 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