Marcus & Millichap Brokers Sell Multifamily Property In Washington, DC For $2M
SOLD
$2,000,000
+ 2
District Of Columbia
See Similar DealsMultiFamily4,323 SF
Sold 09/16/2022
SOLD
Marcus & Millichap Brokers Sell Multifamily Property In Washington, DC For $2M
623 A Street Northeast, Washington, District Of Columbia 20002, United States
See Similar DealsMultiFamily4,323 SF
Sold 09/16/2022
+ 2
Summary
Asset Type:MultiFamily
Price Per Square Foot:$462
Total Square Footage:4,323 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$106,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,105.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,481.02
Annual Debt Service$113,772.24
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