Atelier Gardens, LLC Acquires Property At 2117 M St NE Washington For $1.5M With Seller's Reps Marcus & Millichap
SOLD
$1,500,000
MultiFamily
Sold 04/25/2022
SOLD
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
See Similar DealsMultiFamily
Sold 04/25/2022
Summary
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$79,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,110.77
Annual Debt Service$85,329.18
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