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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

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, founded by her in 2010. Originally from Delray Beach, Florida, Mary is a Phi Beta Kappa graduate of Hollins College in Roanoke, VA and has lived and worked in the Alexandria publishing community since 1987.

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