Cushman & Wakefield Brokers Sell Multifamily Property In Richmond, VA For $14.8M
815 Perry Street Richmond, Virginia 23224, USA
$14,800,000
Building Size
—
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