Marcus & Millichap Sells Dupont Circle Multifamily For $4.55M
1603 19th Street Northwest
$4,550,000
$200/SF
Building Size
22,645 SF
Asset Type
MultiFamily
Closing
May 29, 2024
AI
The 14-unit apartment property located at 1603 19th Street Northwest in Washington, D.C.'s Dupont Circle neighborhood was recently sold for $4,550,000. The property spans 22,645 square feet, translating to a price per unit of $325,000 and a price per square foot of $201.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,550,000
- Units: 14
- Price Per Unit: $325,000
- Square Footage: 22,645
- Price Per Square Foot: $201
- Address: 1603 19th Street Northwest
- Market: Washington, DC
Marty Zupancic and Ryan Murray of Marcus & Millichap were the brokers who facilitated the sale of the property owned by The Zehner Family. The successful transaction was announced by Marcus & Millichap.
Players
Washington 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
3.49%
Cash-on-Cash
-1.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93