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
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