Updated Oct 28, 2024
Enterprise Community Development, Inc Acquires Multifamily Property In Washington, DC From WC Smith For $25.7M
2219 Town Center Drive, Washington, Dc 20020, Usa
$25,700,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 5, 2022
About this deal
AI
The multifamily property located at 2219 Town Center Drive in Washington, DC has been sold in a recent transaction. The sale price for this property was $25,700,000. The seller of the property was WC Smith.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $25,700,000
- Address: 2219 Town Center Drive
- Market: Washington, DC
The buyer of this property was Enterprise Community Development, Inc, represented by Brian McLaughlin. WC Smith acted as the seller in this transaction.
The multifamily sale at 2219 Town Center Drive, Washington, Dc 20020, Usa in Washington, District of Columbia sold for $25.7M in 2022. 2219 Town Center Drive, Washington, Dc 20020, Usa is classified as Multifamily on Traded. Named participants on the 2219 Town Center Drive, Washington, Dc 20020, Usa sale are Brian McLaughlin. This page is the Washington, District of Columbia file for the 2219 Town Center Drive, Washington, Dc 20020, Usa multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Washington sit in the Market section below. Filter that Washington multifamily set by closing date to see what else sold near 2219 Town Center Drive, Washington, Dc 20020, Usa around 2022. Published consideration for 2219 Town Center Drive, Washington, Dc 20020, Usa is $25.7M, dated 2022. Cite this Enterprise Community Development, Inc Acquires Multifamily Property In Washington, DC From WC Smith For $25.7M sale when underwriting similar multifamily product around Washington, District of Columbia.
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
0.62%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93