Updated Aug 18, 2026
The River School Acquires Development Site At 4220 Nebraska Avenue NW For $8.75M
4220 Nebraska Avenue Northwest
$8,750,000
Building Size
—
Asset Type
Development Site
Closing
Aug 13, 2026
About this deal
AI
The property involved in the transaction is a development site located at 4220 Nebraska Avenue Northwest, Washington, DC, encompassing an area of 2.27 acres. The property was sold for $8,750,000.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $8,750,000
- Seller: The River School
- Seller's Representative: Sassy Jacobs & Ben Roth - Washington Fine Properties
- Buyer's Representative: JM Zell Partners
- Sale Date: 08/13/2026
Following a six-year contract, The River School acquired the Under Oak estate after a legal challenge to its campus plans was resolved favorably.
Players
Hopkinton Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.81%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93