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Cushman & Wakefield Brokers Sell Multifamily Property In Richmond, VA For $14.8M
SOLD
$14,800,000
Virginia
See Similar DealsMultiFamily
Sold 05/05/2023
SOLD
Cushman & Wakefield Brokers Sell Multifamily Property In Richmond, VA For $14.8M
815 Perry Street Richmond, Virginia 23224, USA
See Similar DealsMultiFamily
Sold 05/05/2023
Summary
VIRGINIA
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$789,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$52,581.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$70,159.55
Annual Debt Service$841,914.61
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