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2117 M St NE, Washington, D...

Atelier Gardens, LLC Acquires Property At 2117 M St NE Washington For $1.5M With Seller's Reps Marcus & Millichap
SOLDMultiFamily

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

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:

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.

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

10.58%

Cash-on-Cash

-3.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93