SOLDMultiFamily
John Slowinski & Marty Zupancic Of Marcus & Millichap Facilitates Sale Of 12-Unit Multifamily Property In Washington, DC For $2.25M
26 14th Street Southeast
$2,250,000
Building Size
—
Asset Type
MultiFamily
Closing
Feb 9, 2024
AI
The 12-unit apartment property located at 26 14th Street Southeast in Washington, D.C., was sold for $2,250,000. The sale equated to an average price of $187,500 per unit.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,250,000
- Asset Type: Multifamily
- Units: 12
- Price per Unit: $187,500
- Address: 26 14th Street Southeast, Washington, DC
- Market: Washington, DC
John Slowinski and Marty Zupancic from Marcus & Millichap facilitated the sale of the property at 26 14th St. SE in Washington, D.C.
Players
Washington MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.05%
Cash-on-Cash
-2.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93