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
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.
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