First National Bank Apartments sell for more than $39 million
One of downtown Richmond’s tallest skyscrapers has been sold for $39.25 million.
CBRE|Richmond announced the sale Monday of the 20-story First National Apartments, located at 823 E. Main St. GHA Barnaby Associates LLC bought the property from Rushmark FNB LLC.
The building was built in 1913 as a bank and converted to apartments in 2012 by Falls Church-based Rushmark Properties. The property features 154, Class A residential units. Amenities include an attached parking garage, fitness center and pet-friendly units. According to First National’s website, apartments range from $1,200 for a one-bedroom, one bath unit to $2,210 for a two-bedroom, 2-bath unit.
Charles Wentworth and Peyton Cox of CBRE|Richmond, and Robert Dean, Jonathan Greenberg, Yalda Ghamarian, and Tom Leachman of the CBRE Washington, DC Multifamily Investment Properties Team, represented the seller.