Enterprise Community Development Acquires Multifamily Complex In Aspen Hill, MD For $75.8M

3214 Hewitt Avenue

MultiFamily

Sold 318 days ago

Summary

Sale

MARYLAND

MultiFamily

Enterprise Community Development has acquired Westchester West Apartments, a 345-unit affordable multifamily complex located at 3214 Hewitt Avenue in Aspen Hill, Maryland. The property was sold for $75.8 million. The sale price equates to a per unit price of approximately $219,710.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $75,800,000
Units: 345
Market: Aspen Hill, MD

Christine Madigan, representing Enterprise Community Development, facilitated the acquisition of Westchester West Apartments.

Details

Deal Summary

SOLD

IMAGE: Christine Madigan DATE: 06/26/2023 ADDRESS: 3214 Hewitt Avenue MARKET: Aspen Hill, MD ASSET TYPE: Multifamily BUYER: Enterprise Community Development - Christine Madigan SALE PRICE: $75,800,000 UNITS: 345 ~ PPU: $219,710 NOTE: Enterprise Community Development has acquired Westchester West Apartments, a 345-unit affordable multifamily complex in Aspen Hill, Maryland, for $75.8 million.

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Address3214 Hewitt Avenue

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