Fortified Property Group Sells Mixed-Use Property In Washington, DC For $3.1M
1729 Wisconsin Avenue Northwest Washington, District Of Columbia 20007, Usa
$3,075,000
Building Size
—
Asset Type
Mixed-use
Closing
Jun 6, 2023
AI
The mixed-use property located at 1729 Wisconsin Avenue Northwest in Washington, DC has been sold for a price of $3,075,000. The property, owned by Fortified Property Group, was listed for sale and the transaction was facilitated by brokers Josh Feldman, Ian Ruel, and Adam Costanzo from Feldman Ruel Urban Property Advisors.
Summary of transaction details:
- Property Type: Mixed-Use
- Transaction Amount: $3,075,000
- Address: 1729 Wisconsin Avenue Northwest, Washington, DC
- Market: Washington, DC
The deal was successfully closed on 06/06/2023. The involvement of Josh Feldman, Ian Ruel, and Adam Costanzo from Feldman Ruel Urban Property Advisors highlights the significance of their representation in the transaction. The buyer and any additional parties involved were not disclosed in the available information.
Players
Washington Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.16%
Cash-on-Cash
-1.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93