Ideal Realty Group - Recent News - October 2009

Mount Vernon
184-Units
Alexandria, VA
Unpriced
UNDER CONTRACT

South View Townhomes
South View Townhomes
96 Townhomes
Hagerstown, MD
UNDER CONTRACT

Brookemeade
120-Units
Hagerstown, MD
Offering Price: Unpriced

South View Townhomes
Yale Village
210-units
Rockville, MD
Sold Price: $49,500,000

Brooklawn
86-Units + 68 Developable
Frederick, MD
Offering Price: $9,000,000
Land Price: $1,000,000

The Reserve at Stonegate
220 Class "A" Garden Style Apartments
Windsor Mill, MD
Offering Price: $27,500,000

The Hanover
320 Apartments
Greenbelt, MD
CLOSED - SEPT 2010

The Dumont
559-units
Washington, DC
CLOSED - APR 2010

Crystal Park
314-units
Frederick, MD
CLOSED - NOV 2009

Beacon Place
240-units
Gaithersburg, MD
CLOSED - OCT 2009

Chesapeake
184-units
Dumfries, VA
CLOSED - OCT 2009

ADDITIONAL OPPORTUNITIES
We are currently involved with a number of Exclusive Listings which are not available through our website. Please contact Allen Manesh at 301-299-4000 to discuss. Email Allen

RECENT NEWS
December 2010 - Brooklawn	Back to Recent News Page	Print Version

IDEAL REALTY GROUP announces the sale of Brooklawn Apartments, an 86 unit mid-rise in Frederick, Maryland Potomac, Maryland – Ideal Realty Group announces the sale of Brooklawn Apartments, an 86 unit mid-rise in Frederick, Maryland for $8,050,000. Built in 1964, Brooklawn Apartments is located near Hood College in the city of Frederick with a visibility on Route 15. The Property is a single building in a “T-formation” with three wings and four stories on 7.214 acres of land. The property utilizes concrete block and brick construction. The Seller was an entity controlled by a local group headed by the well known attorney, Seymour Stern.

The Purchaser consists of a group of investors that include the Netherland-based Rabobank. At the time of the closing, the property had a vacancy rate of above 10%. The new owner plans to spend about $400,000 for capital improvements. Allen Manesh, President of Ideal Realty Group was the team leader for this transaction. Although the transaction took a while to close, Ideal Realty worked closely with both the buyer and the lender to bring about a successful transaction. Ideal Realty Group, based in Potomac, Maryland, specializes in multifamily sales in the Mid-Atlantic area with a strong concentration in the Greater Washington, DC and the Greater Baltimore, Maryland regions. For more information on Ideal Realty Group visit www.idealrealty.com.