Washington Housing Conservancy Acquires Multifamily Property In Hyattsville, Maryland For $39.5M

The multifamily property located at 3342 Lancer Drive in Hyattsville, Maryland was recently sold for $39,500,000. The property consists of 245 units, resulting in a per unit price of $161,224.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $39,500,000
• Address: 3342 Lancer Drive, Hyattsville, Maryland
• Market: Hyattsville, Maryland
• Buyer: Washington Housing Conservancy - Richard Newman, Kimberly C. Driggins, and NHT Communities
• Seller: Kushner Companies - Nicole Kushner-Meyer, Charles Kushner, and Laurent Morali
• Units: 245
• Price Per Unit (PPU): $161,224

The buyer of the property was Washington Housing Conservancy, represented by Richard Newman and Kimberly C. Driggins from NHT Communities. They acquired the property from Kushner Companies, with Nicole Kushner-Meyer, Charles Kushner, and Laurent Morali representing the seller.