SOLDMultiFamily
Marcus & Millichap Sells Treehouse Apartments Multifamily Complex In Arlington With Brokers Al Silva Dylan York And Ford Braly
1400 Cherry Drive
Building Size
—
Asset Type
MultiFamily
Closing
Dec 24, 2024
AI
Treehouse Apartments is a 16-unit multifamily complex located at 1400 Cherry Drive in Arlington. The property was constructed in 1972.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: Not disclosed
- Units: 16
- Address: 1400 Cherry Drive
- Market: Arlington
- Brokers: Al Silva, Dylan York & Ford Braly - Marcus & Millichap
Dylan York, Ford Braly, and Al Silva successfully represented both the anonymous buyer and seller in this transaction, highlighting the expertise and collaboration of the Marcus & Millichap brokerage team.
Players
Arlington MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93