‼️FORECLOSURE SALE: BRAND NEW MULTIFAMILY ASSET‼️
— Shashankh Aryal (@aryal1994) April 21, 2024
110 units.
Delivered in 2022.
400 Florida Ave. NE in Washington DC.
The $44.4mm mortgage ($404K per unit) was recently sold.
It is unclear if the note sale transacted at or below par.
Current NOI is ~$1mm, and… pic.twitter.com/nfh4ZhxFUB