Press Releases
Marcus & Millichap Arranges $2.15M Sale of 9-Unit Multifamily Property in D.C.
June 04, 2025
WASHINGTON, June 4, 2025 – 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 1915 Benning Road NE, a nine-unit multifamily property in the Kingman Park neighborhood of Washington, D.C., for $2.15 million.
“Our team ran an aggressive marketing process to create a competitive bidding environment which ultimately resulted in multiple bids and a successful sales process,” said John Slowinski, associate. “The deal presented a unique opportunity to purchase a new-build asset below replacement cost and less than a mile from the future RFK Stadium site. It was necessary to focus on this narrative to shed the best light on the property regardless of its distressed status. This is one of many examples of our team's unique ability to create results in the distressed asset sector of the market.”
Slowinski, Andrew Pacious, Ryan Murray 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 sellers, Srinivas Chivali and Kranthi Dudam, and procured the buyer, John Solomond.
Completed in 2023, 1915 Benning Road NE offers nine luxury condominium units, including one one-bedroom and eight two-bedroom layouts, totaling 8,240 square feet. The property is located near Union Market, the H Street Corridor and the RFK Stadium redevelopment in one of Northeast D.C.’s fastest-growing neighborhoods.
“Our team ran an aggressive marketing process to create a competitive bidding environment which ultimately resulted in multiple bids and a successful sales process,” said John Slowinski, associate. “The deal presented a unique opportunity to purchase a new-build asset below replacement cost and less than a mile from the future RFK Stadium site. It was necessary to focus on this narrative to shed the best light on the property regardless of its distressed status. This is one of many examples of our team's unique ability to create results in the distressed asset sector of the market.”
Slowinski, Andrew Pacious, Ryan Murray 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 sellers, Srinivas Chivali and Kranthi Dudam, and procured the buyer, John Solomond.
Completed in 2023, 1915 Benning Road NE offers nine luxury condominium units, including one one-bedroom and eight two-bedroom layouts, totaling 8,240 square feet. The property is located near Union Market, the H Street Corridor and the RFK Stadium redevelopment in one of Northeast D.C.’s fastest-growing neighborhoods.
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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, 2024, the company had 1,712 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 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
