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Jair Lynch Acquires Multifamily Property In Hyattsville, MD For $65.8M

6700 Belcrest Road
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This MultiFamily property located in MD was sold for $65,800,000 over 2 years ago. The brokers of the deal were Amit Kakar, Carter Wroblewski, Chris Hew, and Jamie Leachman

The multifamily property located at 6700 Belcrest Road in Hyattsville, MD, has been sold in a closed transaction. The property spans across 6.7 acres and features a total of 288 units. The sale price for this transaction was $65,800,000, resulting in a price per unit (PPU) of $228,472. The buyer for this transaction is Jair Lynch, represented by Ulysses Auger. The seller of the property is Angelo Gordon & Co. The brokerage services were provided by Transwestern Real State Services.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $65,800,000
  • Address: 6700 Belcrest Road, Hyattsville, MD
  • Market: Hyattsville, MD
  • Buyer: Jair Lynch - Ulysses Auger
  • Seller: Angelo Gordon & Co.
  • Broker: Transwestern Real State Services
  • Units: 288
  • Price Per Unit (PPU): $228,472

The loan for this transaction was facilitated by Chris Hew, Amit Kakar, and Carter Wroblewski of JLL Capital Markets. The mortgage amount obtained was $50,100,000, with loan terms set at three years on a floating-rate basis.

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Deals
  • Location
    6700 Belcrest Road, West Hyattsville, Maryland 20782, United States6700 Belcrest Road, West Hyattsville, Maryland 20782, United States
  • Sale Price
    $65,800,000$65,800,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    4 Brokers, 1 Agency4 Brokers, 1 Agency

Agents

Chris Hew

Chris Hew

Deals6
Financed$202.8M

Carter Wroblewski

Carter Wroblewski

Deals2
Financed$65.8M

Jamie Leachman

Jamie Leachman

Deals13
Financed$755.3M

Amit Kakar

Amit Kakar

Deals7
Financed$308.3M

Agency

JLL

JLL

Agency
Deals5580
Volume$332.6B

Deal Summary

SALE & LOAN IMAGE: Ulysses Auger DATE: 12/09/2021 ADDRESS: 6700 Belcrest Road MARKET: Hyattsville, MD ASSET TYPE: Multifamily ~ ACRES: 6.7 BUYER: Jair Lynch - Ulysses Auger SELLER: Angelo Gordon & Co. BROKER: Transwestern Real State Services SALE PRICE: $65,800,000 UNITS: 288 ~ PPU: $228,472 MORTGAGE BROKERS: Chris Hew, Amit Kakar & Carter Wroblewski - JLL Capital Markets LOAN AMOUNT: $50,100,000 LOAN TERMS: three-year, floating-rate,

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6700 Belcrest Road

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