Updated Sep 9, 2024
TTR Sotheby’s International Realty Sells Condo On Wharf St In Washington, DC For $12.8M
601 Wharf St, Washington, District Of Columbia 20024, United States
$12,800,000
$2,206/SF
Building Size
5,800 SF
Asset Type
Condo
Closing
Apr 22, 2023
About this deal
AI
The recently closed property transaction in Washington, DC involved a condominium located at 601 Wharf St. This Condo spans across an area of 5,800 square feet and was sold for a price of $12,800,000. The sale price of this Condo translates to approximately $2,207 per square foot.
Summary of transation details
- Property Type: Condo
- Transaction Amount: $12,800,000
- Address: 601 Wharf St
- Market: Washington, DC
- BROKER: Matt McCormick - TTR Sotheby’s International Realty
- Sale Price per Square Foot: $2,207
The deal was facilitated by Matt McCormick, who represents TTR Sotheby’s International Realty as the broker. His expertise and negotiation skills were crucial in successfully closing the transaction.
Washington Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.24%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93