Jair Lynch Acquires Multifamily Property In Hyattsville, MD For $65.8M

The multifamily property located at 6700 Belcrest Road in Hyattsville, MD, has been sold in a closed transaction. The property spans across 6.7 acres and features a total of 288 units. The sale price for this transaction was $65,800,000, resulting in a price per unit (PPU) of $228,472. The buyer for this transaction is Jair Lynch, represented by Ulysses Auger. The seller of the property is Angelo Gordon & Co. The brokerage services were provided by Transwestern Real State Services.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $65,800,000
• Address: 6700 Belcrest Road, Hyattsville, MD
• Market: Hyattsville, MD
• Buyer: Jair Lynch - Ulysses Auger
• Seller: Angelo Gordon & Co.
• Broker: Transwestern Real State Services
• Units: 288
• Price Per Unit (PPU): $228,472

The loan for this transaction was facilitated by Chris Hew, Amit Kakar, and Carter Wroblewski of JLL Capital Markets. The mortgage amount obtained was $50,100,000, with loan terms set at three years on a floating-rate basis.