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Marcus & Millichap Sells Dupont Circle Multifamily For $4.55M
SOLD
MultiFamily22,645 SF
Sold 05/29/2024
SOLD
Marcus & Millichap Sells Dupont Circle Multifamily For $4.55M
1603 19th Street Northwest
See Similar DealsMultiFamily22,645 SF
Sold 05/29/2024
Summary
Asset Type:MultiFamily
Price Per Square Foot:$200
Total Square Footage:22,645 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$242,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,165.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,569.32
Annual Debt Service$258,831.86
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