Updated Dec 4, 2024
Enterprise Community Development, Inc Acquires Coralain Gardens Affordable Apartments In Fairfax County For $21.7M
7435 Arlington Boulevard
$21,700,000
Units
106
Asset Type
MultiFamily
Closing
Jan 3, 2024
About this deal
AI
Enterprise Community Development, Inc. has acquired Coralain Gardens, a 106-unit affordable apartment community located at 7435 Arlington Boulevard in Falls Church, VA. The multifamily property was sold for $21.7 million.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: $21,700,000
- Address: 7435 Arlington Boulevard, Falls Church, VA
- Market: Falls Church, VA
Christine Madigan from Enterprise Community Development, Inc. represented the buyer in this transaction.
The multifamily sale at 7435 Arlington Boulevard in Falls Church, Virginia sold for $21.7M in 2024. 7435 Arlington Boulevard is classified as Multifamily on Traded. Named participants on the 7435 Arlington Boulevard sale are Christine Madigan. This page is the Falls Church, Virginia file for the 7435 Arlington Boulevard multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Falls Church sit in the Market section below. Filter that Falls Church multifamily set by closing date to see what else sold near 7435 Arlington Boulevard around 2024. Published consideration for 7435 Arlington Boulevard is $21.7M, dated 2024. Cite this Enterprise Community Development, Inc Acquires Coralain Gardens Affordable Apartments In Fairfax County For $21.7M sale when underwriting similar multifamily product around Falls Church, Virginia.
Falls Church 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
0.73%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93