Herbert Schwat Of Greysteel Represents Unknown Buyer In $11.5M Sale In Washington DC
SOLD
$11,500,000
MultiFamily
SOLD
Herbert Schwat Of Greysteel Represents Unknown Buyer In $11.5M Sale In Washington DC
5601 13th St NW, Washington, DC, 20...
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Summary
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$613,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$40,857.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$54,515.87
Annual Debt Service$654,190.40
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