Updated Oct 28, 2024
Altus Realty Acquires Office Building In Washington, DC For $16M
1010 Vermont Avenue Northwest, Washington, District Of Columbia 20005, United States
$16,000,000
$3,920/SF
Building Size
4,081 SF
Asset Type
Office
Closing
Oct 23, 2022
About this deal
AI
The office property located at 1010 Vermont Ave NW in Washington, DC was recently sold in a transaction on October 24, 2022. The property, which was acquired by Altus Realty, was previously owned by Pembroke. The sale price for the transaction was $16,000,000.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $16,000,000
- Buyer: Altus Realty
- Seller: Pembroke
- Address: 1010 Vermont Ave NW, Washington, DC
- Market: Washington, DC
Altus Realty, a prominent real estate agency, represented the buyer in this transaction.
Players
Washington Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93