Harbor Stone Advisors Arranges $3.18 Million Sale Of Riverdale Station Apartments In Maryland

The property involved in this transaction is a multifamily asset located at 4701-4703 Ravenswood Road in Riverdale, MD. It has a sale price of $3,175,000 and consists of 23 units, resulting in a price per unit of $138,043. The property features mostly renovated one-bedroom units, presenting potential for additional value through further unit upgrades and utility adjustments. Its location is advantageous due to proximity to the upcoming Purple Line and major employment hubs.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $3,175,000
• Units: 23
• Price Per Unit: $138,043
• Market: Riverdale, MD

Harbor Stone Advisors facilitated the transaction involving the Riverdale Station Apartments. The brokers representing this deal are Justin Verner, Brooks Healy, Tom Wohlgemuth, and Kevin Landolphi. This team has successfully arranged the sale of the property, highlighting its potential for transformation and increased value.