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1729 Wisconsin Avenue North...

Fortified Property Group Sells Mixed-Use Property In Washington, DC For $3.1M
SOLDMixed-use

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

Josh Feldman

Feldman Ruel Urban Property Advisors

Broker

$9.9M

vol

3 deals

Broker
FG
Fortified Property GroupSeller

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