Updated Oct 29, 2024
Post Brothers Acquires Property In Washington DC For $228 Million With James Cassidy As Seller's Representative
1825 Connecticut Avenue Northwest
$228,000,000
Building Size
—
Asset Type
Commercial
Closing
May 31, 2022
About this deal
AI
The property asset involved in the transaction is located at 1825 Connecticut Ave NW, Washington. The transaction occurred for a total price of $228,000,000.00. The property encompasses 0 square feet.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $228,000,000.00
- Address: 1825 Connecticut Ave NW, Washington
- Seller's Representative: James Cassidy - Newmark
- Buyer: Post Brothers
The deal features James Cassidy from Newmark acting as the representative for the seller, facilitating the transaction with the buyer, Post Brothers.
The commercial sale at 1825 Connecticut Avenue Northwest in DC sold for $228M in 2022. 1825 Connecticut Avenue Northwest is classified as Commercial on Traded. James Cassidy, Newmark appear on the sale alongside Newmark. This page is the DC file for the 1825 Connecticut Avenue Northwest commercial sold: pricing, party profiles, and other closed commercial comps from the same DC sit in the Market section below. Filter that local commercial set by closing date to see what else sold near 1825 Connecticut Avenue Northwest around 2022. Published consideration for 1825 Connecticut Avenue Northwest is $228M, dated 2022. Cite this Post Brothers Acquires Property In Washington DC For $228 Million With James Cassidy As Seller's Representative sale when underwriting similar commercial product around DC.
Players
Market Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93