Isaiah Harf Of Stan Johnson Company Represents Seller In $7.6M Sale In Washington DC
1515 15th St NW, Washington, DC, 20...
$7,600,000
$1,726/SF
Building Size
4,403 SF
Asset Type
Condo
Closing
Nov 20, 2023
AI
A 4,403-square-foot retail condo located at 1515 15th St NW, in the Washington, DC market has been sold for $7,600,000. The property, situated on the ground floor of the Metropole Condominiums, was fully leased to TD Bank at the time of sale. Built in 2008, the asset lies within the Logan Circle neighborhood.
Summary of transaction details:
- Property Type: Retail Condo
- Transaction Amount: $7,600,000.00
- Address: 1515 15th St NW, Washington, DC
- Square Footage: 4403
- Market: Washington
- Seller's Representative: Isaiah Harf - Stan Johnson Company
- Buyer: Undisclosed 1031 exchange buyer
Isaiah Harf represented the seller, a private investor based in Maryland, during this transaction. The buyer, a California-based entity, utilized a 1031 exchange to acquire the property.
Players
Washington Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.09%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93