SOLDMultiFamily
Cushman & Wakefield Brokers Sell Multifamily Property In Richmond, VA For $14.8M
815 Perry Street Richmond, Virginia 23224, USA
$14,800,000
Units
70
Asset Type
MultiFamily
Closing
May 5, 2023
AI
The multifamily property located at 815 Perry Street in Richmond, VA has been sold. The transaction took place on 05/18/2023 for a sale price of $14,800,000. The property consists of 70 units, with a price per unit (PPU) of $211,429.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $14,800,000
- Units: 70
- Price Per Unit: $211,429
- Market: Richmond, VA
Jenny Stoner and John Pritzlaff from Cushman & Wakefield served as the brokers for this transaction.
Players
Richmond 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
1.07%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93