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
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