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5601 13th St NW, Washington...

Herbert Schwat Of Greysteel Represents Unknown Buyer In $11.5M Sale In Washington DC
SOLDMultiFamily

Herbert Schwat Of Greysteel Represents Unknown Buyer In $11.5M Sale In Washington DC

5601 13th St NW, Washington, DC, 20...

$11,500,000

Building Size

Asset Type

MultiFamily

Closing

Nov 20, 2023

AI

The Verona, a 67-unit multifamily property, was sold for $11,500,000.00. Situated at 5601 13th St NW, Washington, DC, in the Ward 4 neighborhood, this property was constructed in 1955. Community amenities of The Verona include a pet park and convenient access to public transportation.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $11,500,000.00
  • Address: 5601 13th St NW, Washington, DC
  • Market: Washington
  • Buyer’s Representative: Herbert "Herb" Schwat & Kyle Tangney - Greysteel
  • Buyer: Unknown
  • SF: 0

In this transaction, Greysteel facilitated the sale of The Verona, with Kyle Tangney and Herb Schwat representing the buyer. The seller's identity remains undisclosed.

Players

Herbert Schwat

Greysteel

Broker

$70.7M

vol

3 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

1.38%

Cash-on-Cash

-0.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93