Daily limit: 0/10
Newmark Brokers $60.5M Sale Of The Station At Chester Village Multifamily In Chester, VA
SOLD
$60,500,000
Virginia
See Similar DealsMultiFamily
Sold 11/26/2023
SOLD
Newmark Brokers $60.5M Sale Of The Station At Chester Village Multifamily In Chester, VA
4101 Runner Loop
See Similar DealsMultiFamily
Sold 11/26/2023
Summary
VIRGINIA
Asset Type:MultiFamily
Transaction Type:Sale
The Station at Chester Village, a class A multifamily property located at 4101 Runner Loop in Chester, Virginia, has been sold for $60.5 million. The property consists of 201 units, with an average price per unit of $300,995.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $60,500,000
- Units: 201
- Price Per Unit: $300,995
Newmark, represented by brokers Charles Wentworth, Victoria Pickett, and Garrison Gore, facilitated the sale of The Station at Chester Village. The transaction marks a significant deal in the Chester, VA market.
Note: Newmark has completed the $60.5 million sale of The Station at Chester Village, a class A, 201-unit multifamily property in Chester, Virginia.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,226,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$214,943.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$286,800.87
Annual Debt Service$3,441,610.39
Is there something missing? Send suggestions