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8220 Research Boulev

Nord Group Acquires Multifamily Property In Austin With Broker Representation By Rosewood Realty Group And Nord Group
SOLDMultiFamily

Nord Group Acquires Multifamily Property In Austin With Broker Representation By Rosewood Realty Group And Nord Group

Building Size

75,963 SF

Asset Type

MultiFamily

Closing

Apr 27, 2023

AI

The multifamily property located in Austin has been sold in a recent transaction. The property consists of 250 units and spans a total area of 75,963 square feet.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: Not available
  • Market: Austin
  • Units: 250
  • Square Footage: 75,963

The buyer of the property is the Nord Group, represented by Saqif Noor and Baruch Teitelbaum. The transaction was facilitated by brokers Austin Marshak and Michael "Mike" Kerwin from Rosewood Realty Group, as well as Jake Gluck and Rebecca Tran from Nord Group.

Players

Jake Gluck

Fortune Capital Group

Broker

$407.2M

vol

41 deals

Broker
Saqif Noor

Saqif Noor

Nord Group

Buyer

$9.4M

vol

5 deals

Buyer

Market 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