Updated Oct 29, 2024
Atelier Gardens, LLC Acquires Property At 2117 M St NE Washington For $1.5M With Seller's Reps Marcus & Millichap
2117 M St NE, Washington, DC, 20002
$1,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Apr 25, 2022
About this deal
AI
The property located at 2117 M St NE, Washington, DC, sold for a total of $1,500,000.00. It is situated in the Washington market and has a square footage of 0.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $1,500,000.00
- Seller's Representative: Marty Zupancic, Dennis Cravedi, John Slowinski - Marcus & Millichap
- Buyer: Atelier Gardens, LLC
The transaction was managed by a team of representatives from Marcus & Millichap, specifically Marty Zupancic, Dennis Cravedi, and John Slowinski, who facilitated the deal for the seller. Atelier Gardens, LLC is the entity that acquired the property in this transaction.
On the Map
$1,500,000
MultiFamily
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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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93