Updated Sep 22, 2026
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
About this deal
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
Market 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