Updated Sep 2, 2026
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:
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Units: 72
- Square Footage: 23,060
- Address: 2507 Airport Circle
- Market: Arlington
- Buyer: Bely Lor
- Seller: Michael Warden
- Seller's Representative: Farhad Nejad & Doug Banerjee - Greysteel
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
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