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1800 Palmer Rd, Fort Washin...

Updated Oct 29, 2024

M3 Equities Acquires Property From Martin Poretsky For $15.5 Million In Fort Washington
SOLDMultiFamily

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

About this deal

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.

On the Map

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$15,500,000

MultiFamily

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Players

Marty Zupancic

Marcus & Millichap

Broker

$128.1M

vol

18 deals

Broker
ME
M3 EquitiesBuyer

Fort 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

1.02%

Cash-on-Cash

-0.29%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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