Press Releases
Marcus & Millichap Brokers Sale of Vacant 12-Unit Apartment Property in Washington, D.C.
August 07, 2025
WASHINGTON, D.C., Aug. 7, 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 V Street Apartments, a vacant, 12-unit multifamily community in the Eckington neighborhood of Northeast Washington, D.C. The asset sold for $775,500.
“We’re pleased to have successfully completed the sale of V Street Apartments through the Chapter 11 bankruptcy process,” said Ryan Murray, associate. “Our targeted marketing strategy attracted strong interest from qualified buyers, enabling a smooth and expedited transaction from launch to close. The sale closed within 30 days of court approval, allowing these units to be renovated and restored to the market to support the community’s growing demand for affordable housing.”
Murray, Marty Zupancic, John Slowinski and Andrew Pacious, investment specialists in Marcus & Millichap’s Washington D.C. office, represented the seller in the transaction, Marc Albert, Chapter 11 Trustee.
V Street Apartments, located at 401–409 V St. NE, comprises three contiguous, two-story apartment buildings. Built in 1935, the property totals 7,418 square feet and includes 12 one-bedroom, one-bathroom apartments, each approximately 525 square feet. The property’s location in Eckington provides convenient access to public transit, Union Market, and nearby universities, including Howard University and Catholic University. Residents also benefit from proximity to major new developments, including a $700 million mixed-use project that recently added nearly 700 residential units and 70,000 square feet of retail to the neighborhood.
V Street Apartments is within 0.3 miles of the Rhode Island Avenue Metro station (Red Line) and a 10-minute drive from Union Station, offering transit access to downtown D.C. and regional employment centers.
“We’re pleased to have successfully completed the sale of V Street Apartments through the Chapter 11 bankruptcy process,” said Ryan Murray, associate. “Our targeted marketing strategy attracted strong interest from qualified buyers, enabling a smooth and expedited transaction from launch to close. The sale closed within 30 days of court approval, allowing these units to be renovated and restored to the market to support the community’s growing demand for affordable housing.”
Murray, Marty Zupancic, John Slowinski and Andrew Pacious, investment specialists in Marcus & Millichap’s Washington D.C. office, represented the seller in the transaction, Marc Albert, Chapter 11 Trustee.
V Street Apartments, located at 401–409 V St. NE, comprises three contiguous, two-story apartment buildings. Built in 1935, the property totals 7,418 square feet and includes 12 one-bedroom, one-bathroom apartments, each approximately 525 square feet. The property’s location in Eckington provides convenient access to public transit, Union Market, and nearby universities, including Howard University and Catholic University. Residents also benefit from proximity to major new developments, including a $700 million mixed-use project that recently added nearly 700 residential units and 70,000 square feet of retail to the neighborhood.
V Street Apartments is within 0.3 miles of the Rhode Island Avenue Metro station (Red Line) and a 10-minute drive from Union Station, offering transit access to downtown D.C. and regional employment centers.
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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.
