Dantes Community Partners Acquires 727-Unit Multifamily In Landover, MD For $139M
4085 Warner Avenue, Landover, Maryland 20784, United States
$139,000,000
Units
727
Asset Type
MultiFamily
Closing
Jul 17, 2022
AI
The multifamily property located at 4085 Warner Ave in Landover, MD has been sold for a total price of $139,000,000. The property consists of 727 units, resulting in a price per unit of $191,197. The transaction took place on 07/18/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $139,000,000
- Address: 4085 Warner Ave, Landover, MD
- Market: Landover, MD
- Buyer: Dantes Community Partners - Sharif Mitchell
- Seller: Dragone Realty Investments & GMF Capital
- Broker: CBRE
- Units: 727
- Price per Unit: $191,197
Dantes Community Partners, represented by Sharif Mitchell from CBRE, acquired the property from Dragone Realty Investments & GMF Capital. This transaction marks a significant deal in the Landover, MD market.
Players
Hyattsville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93