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2507 Airport Circle

Updated Sep 2, 2026

Bilt advertisement
Bely Lor Acquires Multifamily Property In Arlington From Michael Warden For $X Million
SOLDMultiFamily

Bely Lor Acquires Multifamily Property In Arlington From Michael Warden For $X Million

2507 Airport Circle

Building Size

23,060 SF

Asset Type

MultiFamily

Closing

Jul 31, 2026

About this deal

AI

The property involved in this transaction is a multifamily asset located at 2507 Airport Circle in Arlington. It consists of 72 units and encompasses a total square footage of 23,060. The details of the transaction are significant to the multifamily market in the area.

Summary of transaction details:

The key individuals in this transaction include Bely Lor as the buyer and Michael Warden as the seller. The seller was represented by Farhad Nejad and Doug Banerjee from Greysteel, who facilitated the deal and ensured its successful completion.

Players

Doug Banerjee

Greysteel

Broker

$18.1M

vol

19 deals

Broker

Bely Lor

Buyer

1 deal

Buyer

Michael Warden

Seller

1 deal

Seller

Arlington 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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