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623 A Street Northeast, Was...

Marcus & Millichap Brokers Sell Multifamily Property In Washington, DC For $2M
SOLDMultiFamily

Marcus & Millichap Brokers Sell Multifamily Property In Washington, DC For $2M

623 A Street Northeast, Washington, District Of Columbia 20002, United States

$2,000,000

$462/SF

Building Size

4,323 SF

Asset Type

MultiFamily

Closing

Sep 15, 2022

AI

A multifamily property located at 623 A St NE in Washington, DC has been sold for $2,000,000. The property spans 4,323 square feet, resulting in a price per square foot of $463.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,000,000
  • Address: 623 A St NE, Washington, DC
  • Market: Washington, DC

The sale of this multifamily property was facilitated by the brokers Nick Murray, Marty Zupancic, Joseph Tabb, Dennis Cravedi, and Eric Jentoft-Herr from Marcus & Millichap.

Players

Marty Zupancic

Marcus & Millichap

Broker

$127M

vol

17 deals

Broker

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

7.93%

Cash-on-Cash

-2.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93