M3 Equities Acquires Property From Martin Poretsky For $15.5 Million In Fort Washington
SOLD
$15,500,000
+ 3
Maryland
See Similar DealsMultiFamily
Sold 09/14/2022
SOLD
M3 Equities Acquires Property From Martin Poretsky For $15.5 Million In Fort Washington
1800 Palmer Rd, Fort Washington, MD...
See Similar DealsMultiFamily
Sold 09/14/2022
+ 3
Summary
MARYLAND
Asset Type:MultiFamily
Transaction Type:Sale
The property located at 1800 Palmer Rd, Fort Washington, MD has been sold for a transaction amount of $15,500,000.00. The property is situated in the Fort Washington market and has a square footage of 0.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $15,500,000.00
- Address: 1800 Palmer Rd, Fort Washington, MD
- Market: Fort Washington
- Seller: Martin Poretsky
- Buyer: M3 Equities
- Seller's Representatives: Marty Zupancic (Marcus & Millichap), Christian Barreiro (Marcus & Millichap), Eric Jentoft-Herr (Marcus & Millichap)
M3 Equities has acquired the property with the assistance of multiple representatives from Marcus & Millichap, who represented the seller in this transaction. The deal highlights the involvement of brokers specializing in property sales and their roles in facilitating the agreement.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$826,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$55,068.22
Cash-on-Cash Return-1.27%
Monthly Debt Service$73,477.91
Annual Debt Service$881,734.89
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