Enterprise Community Development Acquires Multifamily Property In Silver Spring For $20M

A multifamily property located at 502 Easely Street in Silver Spring, MD has been sold for $20,000,000. The property consists of 87 units, resulting in a per unit price of $229,885. The sale was facilitated by Transwestern, with Dean Sigmon, Justin Shay, and Michael D’Amelio representing the buyer, Enterprise Community Development.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $20,000,000
• Address: 502 Easely Street, Silver Spring, MD
• Market: Silver Spring, MD
• Buyer: Enterprise Community Development
• Brokers: Dean Sigmon, Justin Shay & Michael D’Amelio - Transwestern
• Number of Units: 87
• Price Per Unit: $229,885

The sale of this multifamily property in Silver Spring, MD was successfully completed through the expertise and assistance of Dean Sigmon, Justin Shay, and Michael D’Amelio from Transwestern. Enterprise Community Development acted as the buyer in this transaction, acquiring the property for $20,000,000. This deal highlights the ongoing activity and investment in the multifamily market in the Silver Spring area.