Caruthers Cos Acquires Multifamily Property In Alexandria, VA For $52M
3501 Mount Vernon Avenue Alexandria, Virginia 22305, Usa
$52,000,000
Building Size
—
Asset Type
MultiFamily
Closing
May 3, 2023
AI
The multifamily property located at 3501 Mount Vernon Avenue in Alexandria, VA has been sold for a total price of $52,000,000. The property comprises 141 units, resulting in a price per unit of $368,794.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $52,000,000
- Units: 141
- Price per Unit: $368,794
The buyer in this transaction is Caruthers Cos. The deal was facilitated by brokers Walter Coker, Brian Crivella, Yalda Ghamarian, and Bill Gribbin from Berkadia.
Players
Alexandria 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
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93