Press Releases
Marcus & Millichap Arranges $2.25 Million Sale of Multifamily Asset in Washington, D.C.
February 09, 2024
WASHINGTON, D.C., Feb. 9, 2024 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of 26 14th St. SE, a 12-unit apartment property located in Washington, D.C. The property sold for $2,250,000, or $187,500 per unit.
“No deal is closing in this market without having the right team involved,” said John Slowinski, associate. “We take pride in having a strong attention to detail, being resourceful and working with all parties involved to reach a favorable conclusion. I am confident that our team’s creative problem-solving abilities and extensive transactional experience in the market will continue to be a strong value-add for our clients.”
Slowinski and Marty Zupancic, investment specialists in Marcus & Millichap’s Washington D.C. office, had the exclusive listing to market the property on behalf of the seller, a private investor whose family proudly owned the property over three generations, and procured the buyer, an established investment group building a strong presence in the neighborhood.
26 14th St. SE features 12 one-bedroom units and is located on the border of Washington D.C.’s renowned Capitol Hill and Hill East neighborhoods, placing it steps away from a direct route and view of the U.S. Capitol. The property is within walking distance of various restaurant, retail and entertainment options including Trader Joe’s, Eastern Market and Barracks Row.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2023, the company had 1,783 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.
