Enterprise Community Development Acquires Silver Spring Multifamily For $20M

The multifamily property located at 502 Easley Street in Silver Spring, MD has been sold in a closed transaction. The property consists of 87 units and was sold for a total price of $20,000,000, resulting in a per unit price of $229,885. The sale was facilitated by the real estate services firm Transwestern, with brokers Dean Sigmon, Robin Williams, Justin Shay, and Michael D’Amelio representing the parties involved. Enterprise Community Development acted as the buyer in this transaction.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $20,000,000
• Address: 502 Easley Street, Silver Spring, MD
• Market: Silver Spring, MD
• Buyer: Enterprise Community Development
• Brokers: Dean Sigmon, Robin Williams, Justin Shay, and Michael D’Amelio - Transwestern Real Estate Services
• Units: 87
• PPU: $229,885

The involvement of Transwestern Real Estate Services and the brokers Dean Sigmon, Robin Williams, Justin Shay, and Michael D’Amelio highlight the significance of this transaction. With the successful completion of this sale, the parties have achieved a notable milestone in the Silver Spring, MD market.