SKS Realty Partners, MRK Partners, And Sydne Garchik Acquire Multifamily Property In Gaithersburg For $51.5M

Located at 7 Prism Pl in Gaithersburg, Maryland, this multifamily property was recently sold in a closed transaction. The sale took place on 01/25/2022, with SKS Realty Partners and MRK Partners as the buyers. The buyer's representatives were Kevin Smith from SKS Realty Partners and Sydne Garchik from MRK Partners. The seller in this transaction was RST Development, and the deal was facilitated by CBRE as the broker. The sale price for this property was $51,500,000, and it consists of 198 units, resulting in a per unit price of $260,101.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $51,500,000
• Units: 198
• Price Per Unit: $260,101
• Buyer: SKS Realty Partners - Kevin Smith & MRK Partners - Sydne Garchik
• Seller: RST Development
• Broker: CBRE

Skilled individuals and reputable companies played a significant role in this transaction. Kevin Smith from SKS Realty Partners and Sydne Garchik from MRK Partners represented the buyers, providing their expertise in negotiating and finalizing the deal. On the seller's side, RST Development made the decision to sell the property. CBRE, a renowned brokerage firm, facilitated the transaction, ensuring a smooth process for all parties involved.