Community News Alexandria Virginia

Del Ray Central Apartment Building Sells for $52 Million

Proximity to New Potomac Yard Metro Station a Factor

Three story apartment building with with rounded face.
Del Ray Central Apartments was completed in January 2011. It has sold in 2023 for $52 million. (Photo: Google Maps)

ALEXANDRIA, VA. — Rebusiness Online, a national website covering all aspects of the real estate industry, broke the news yesterday that Del Ray Central Apartments, a 141-unit apartment community located at 3501 Mount Vernon Ave. in Alexandria, has been sold for $52 million.

The sale was brokered by Berkadia Brokers. “Walter Coker, Brian Crivella, Yalda Ghamarian and Bill Gribbin of Berkadia represented the undisclosed seller in the transaction. The buyer is a partnership led by Caruthers Cos.,” says the online posting.
According to Rebusiness Online, the building is 97 percent occupied.   Del Ray Central sits just a half mile from the about-to-be-open Potomac Yard Metro Station, and of course is centrally locatd between Old Town Alexandria and Washington D.C.

Del Ray Central features a unit mix of studio, one- and two-bedroom apartments, as well as 2,670 square feet of ground-floor retail space, a pool, clubhouse, business center, bike storage, roof terrace, walking/biking trails and a courtyard, according to Apartments.com.

MORE ALEXANDRIA REAL ESTATE: House with Kennedy Connection For Sale in Belle Haven

Mary Wadland

Mary Wadland is the Publisher and Editor in Chief of The Zebra Press, the award-winning Alexandria news publication she founded in 2010 with a mission of celebrating community, culture, and all the good news happening across the city. A longtime community advocate and storyteller, Mary was selected for the Alexandria Chamber of Commerce inaugural 40 Under 40 class and has served as President of Living Legends of Alexandria since 2022. Known for her deep local roots, sharp editorial instincts, and passion for connecting people through journalism, she has spent decades chronicling the personalities, businesses, events, and civic life that make Alexandria unique. Originally from Delray Beach, Florida, Mary is a Phi Beta Kappa graduate of Hollins College in Roanoke, Virginia, and has been part of Alexandria’s publishing and media community since 1987.

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