Updated Oct 29, 2024
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
$15,500,000
MultiFamily
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Players
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