Updated Dec 21, 2023
Silverstone Partners Acquires Multifamily Property In Austin
7227 East US Highway 290, Austin, Texas 78723, United States
Units
160
Asset Type
MultiFamily
Closing
Mar 28, 2022
About this deal
AI
The multifamily property located at 7227 E Highway 290 in Austin has been sold. The transaction took place on 03/29/2022 and involved a total of 160 units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 7227 E Highway 290
- Market: Austin
- Units: 160
The buyer for this property is Silverstone Partners, represented by Manoj Ramprakash & Adam Brueckner.
Traded’s record for 7227 East US Highway 290, Austin, Texas 78723, United States in Austin, Texas covers a multifamily sale from 2022. Reported inventory is 160 units across 160 units. This page is the Austin, Texas file for the 7227 East US Highway 290, Austin, Texas 78723, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Austin sit in the Market section below. Filter that Austin multifamily set by closing date to see what else sold near 7227 East US Highway 290, Austin, Texas 78723, United States around 2022. Cite this Silverstone Partners Acquires Multifamily Property In Austin sale when underwriting similar multifamily product around Austin, Texas.
Players
Austin MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
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