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4085 Warner Avenue, Landove...

Dantes Community Partners Acquires 727-Unit Multifamily In Landover, MD For $139M
SOLDMultiFamily

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

GMF Capital
GMF CapitalSeller

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