Daily limit: 0/10
Horvath & Tremblay Brokers $4.4M Sale Of 22-Unit Multifamily Building In Washington DC
SOLD
$4,400,000
MultiFamily24,000 SF
Sold 02/13/2025
SOLD
Horvath & Tremblay Brokers $4.4M Sale Of 22-Unit Multifamily Building In Washington DC
3228 Hiatt Place Northwest
See Similar DealsMultiFamily24,000 SF
Sold 02/13/2025
Summary
Asset Type:MultiFamily
Price Per Square Foot:$183
Total Square Footage:24,000 SF
Transaction Type:Sale
The transaction involved the sale of a vacant multifamily building located at 3228 Hiatt Place Northwest in Washington, DC. The sale price was $4,400,000 for the 22-unit property, which encompasses a total of 24,000 square feet. The price per unit was $200,000, and the price per square foot was $183.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,400,000
- Units: 22
- Square Footage: 24,000
- Price Per Unit: $200,000
- Price Per Square Foot: $183
Dennis Cravedi and Christian Barreiro from Horvath & Tremblay represented the deal. The property had not changed ownership in nearly 40 years and requires significant renovations to achieve full occupancy.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$234,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,632.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,858.24
Annual Debt Service$250,298.94
Is there something missing? Send suggestions