Fairfield Residential Acquires Multifamily Property In Richmond, VA For $25.7M

A multifamily property located at 1620 North Hamilton St in Richmond, VA was recently sold in a closed transaction. The property consists of 236 units, and the sale price was reported at $25,700,000, resulting in a per unit price of approximately $108,898.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $25,700,000
• Address: 1620 North Hamilton St, Richmond, VA
• Market: Richmond, VA
• Buyer: Fairfield Residential
• Seller: United Methodist Family Services
• Broker: Cushman & Wakefield
• Units: 236
• Price Per Unit (PPU): $108,898

Fairfield Residential, a real estate buyer, acquired the property from United Methodist Family Services. The transaction was facilitated by the brokerage firm Cushman & Wakefield.