Updated Oct 29, 2024
Caruthers Cos Acquires Multifamily Property In Alexandria, VA For $52M
3501 Mount Vernon Avenue Alexandria, Virginia 22305, Usa
$52,000,000
Units
141
Asset Type
MultiFamily
Closing
May 3, 2023
About this deal
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.
The multifamily sale at 3501 Mount Vernon Avenue Alexandria, Virginia 22305, Usa in Alexandria, Virginia sold for $52M in 2023. Reported inventory is 141 units across 141 units. Walter Coker, Brian Crivella, Yalda Ghamarian, Bill Gribbin appear on the sale alongside Berkadia. This page is the Alexandria, Virginia file for the 3501 Mount Vernon Avenue Alexandria, Virginia 22305, Usa multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Alexandria sit in the Market section below. Filter that Alexandria multifamily set by closing date to see what else sold near 3501 Mount Vernon Avenue Alexandria, Virginia 22305, Usa around 2023. Published consideration for 3501 Mount Vernon Avenue Alexandria, Virginia 22305, Usa is $52M, dated 2023. Cite this Caruthers Cos Acquires Multifamily Property In Alexandria, VA For $52M sale when underwriting similar multifamily product around Alexandria, Virginia.
Players
Alexandria 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
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93