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151 Q St NE, Washington, DC...

Updated Oct 29, 2024

Washington Housing Initiative Impact Pool Acquires Property In Washington For $135M With Seller's Rep Martha Hastings
SOLD

Washington Housing Initiative Impact Pool Acquires Property In Washington For $135M With Seller's Rep Martha Hastings

151 Q St NE, Washington, DC, 20002

$135,000,000

Building Size

Asset Type

Closing

Nov 20, 2023

About this deal

AI

The transaction involved a property located at 151 Q St NE, Washington, DC, 20002. It was sold for a total price of $135,000,000.00, with the specifics detailing a square footage of 0, indicating a different type of asset or development potential.

Summary of transaction details:

  • Property Type: Sale
  • Transaction Amount: $135,000,000.00
  • Address: 151 Q St NE, Washington, DC, 20002
  • Market: Washington
  • Seller: Undisclosed
  • Buyer: Washington Housing Initiative Impact Pool
  • Seller's Representative: Martha Hastings (CBRE)

This transaction highlights the involvement of key individuals, with Martha Hastings from CBRE representing the seller in the deal. The buyer for this transaction is the Washington Housing Initiative Impact Pool, indicating a focus on housing initiatives within the Washington market.

Players

Martha Hastings

CBRE

Broker

$333.3M

vol

3 deals

Broker

Washington CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.12%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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