Jacques Bessoudo And Jonathan Slomianski Acquire Multifamily Asset In Silver Spring For $71.35M
8455 Fenton Street
$71,350,000
$380/SF
Building Size
187,437 SF
Asset Type
MultiFamily
Closing
Mar 31, 2025
AI
The property involved in this transaction is a multifamily asset located at 8455 Fenton Street in the Silver Spring market. The sale was completed at a price of $71,350,000, encompassing 243 residential units. The total square footage of the property measures 187,437, leading to a price per unit of $293,621 and a price per square foot of $380.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $71,350,000
- Units: 243
- Square Footage: 187,437
- Price Per Unit: $293,621
- Price Per Square Foot: $380
- Buyer: Jacques Bessoudo & Jonathan Slomianski - Galium Capital
- Seller: Isaac Metzger
- Brokers: Tony Ensbury & Dave Nachison - Eastdil Secured
This transaction was facilitated by the involvement of Jacques Bessoudo and Jonathan Slomianski representing Galium Capital as the buyers. The seller, Isaac Metzger, completed the sale with the representation and negotiation conducted by the brokers Tony Ensbury and Dave Nachison from Eastdil Secured.
Players
Silver Spring MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93