Lynd Living Acquires Multifamily Property In Austin For $46.6M
9725 North Lake Creek Parkway, Austin, TX 78717, USA
$46,600,000
$27,140/SF
Building Size
1,717 SF
Asset Type
MultiFamily
Closing
Oct 28, 2021
AI
The multifamily property located at 9725 N Lake Creek Pkwy in Austin has been sold for a total of $46,600,000. The transaction took place on 10/28/2021, with Lynd Living represented by A. David Lynd as the buyer.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $46,600,000
- Address: 9725 N Lake Creek Pkwy
- Market: Austin
- Buyer: Lynd Living - A. David Lynd
A. David Lynd, representing Lynd Living, successfully acquired the property. The multifamily asset consists of 222 units, resulting in a price per unit (PPU) of $209,910.
Players
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
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93