M3 Equities Acquires Property From Martin Poretsky For $15.5 Million In Fort Washington
1800 Palmer Rd, Fort Washington, MD...
$15,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 14, 2022
AI
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
Fort Washington MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.02%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93