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1603 19th Street Northwest

Marcus & Millichap Sells Dupont Circle Multifamily For $4.55M
SOLDMultiFamily

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

Marty Zupancic

Marcus & Millichap

Broker

$127M

vol

17 deals

Broker

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