facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Maryland

/

Multifamily

/

Sale

/

3214 Hewitt Avenue Aspen Hi...

Updated Oct 29, 2024

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

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

3214 Hewitt Avenue Aspen Hill, MD 20906, USA

$75,800,000

Units

345

Asset Type

MultiFamily

Closing

Jun 26, 2023

About this deal

AI

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.

The multifamily sale at 3214 Hewitt Avenue Aspen Hill, MD 20906, USA in Silver Spring, Maryland sold for $75.8M in 2023. Reported inventory is 345 units across 345 units. Named participants on the 3214 Hewitt Avenue Aspen Hill, MD 20906, USA sale are Christine Madigan. This page is the Silver Spring, Maryland file for the 3214 Hewitt Avenue Aspen Hill, MD 20906, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Silver Spring sit in the Market section below. Filter that Silver Spring multifamily set by closing date to see what else sold near 3214 Hewitt Avenue Aspen Hill, MD 20906, USA around 2023. Published consideration for 3214 Hewitt Avenue Aspen Hill, MD 20906, USA is $75.8M, dated 2023. Cite this Enterprise Community Development Acquires Multifamily Complex In Aspen Hill, MD For $75.8M sale when underwriting similar multifamily product around Silver Spring, Maryland.

Players

Christine Madigan

Enterprise Community Development, Inc

Buyer

$220.5M

vol

3 deals

Buyer

Silver Spring MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Deal FAQ

About $219.7K per unit across 345 units on a published $75.8M (2023).

Visit Christine Madigan to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.21%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets