Press Releases
Marcus & Millichap Arranges Sale and Financing of 37-Unit Apartment Building in Washington, D.C.
April 24, 2026
WASHINGTON D.C., April 24, 2026 – 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 4107 Connecticut Ave NW, a 37-unit apartment building in the Van Ness neighborhood of Washington, D.C. The asset sold for $4,675,000. Marcus & Millichap Capital Corporation (MMCC), a subsidiary of Marcus & Millichap, arranged $3.5 million in financing.
“Despite a more challenging real estate market and a complex TOPA process, we executed a targeted marketing strategy that generated 22 property tours and six competitive offers, ultimately creating a strong bidding environment that drove the sale price to approximately 105% above the original list price,” said Lorenzo Wooten, CCIM, Senior Director Investments. “Buyer demand remained strong given the property’s prime location, durable in-place income, recent capital improvements, and thoughtful upgrades across a majority of the units.”
The Wooten Group of Marcus & Millichap exclusively marketed the property on behalf of the seller, Sirius LLC, and procured the buyer, White Crest CT LLC. Jared Cassidy, Senior Director, Capital Markets, secured a 5-year loan with a national bank on behalf of the buyer. The loan was structured to complement the buyer’s capital improvement plan, with a built-in interest-only period followed by 35 years of amortization.
The four-story apartment building totals approximately 14,400 rentable square feet. The unit mix includes 21 studio units, seven one-bedroom units, and nine two-bedroom units. Built in 1957, the building has undergone recent renovations, including upgrades to common areas, building systems, and select units.
4107 Connecticut Ave NW is located along Connecticut Avenue in Northwest Washington, D.C., one block from the Van Ness-UDC Metro station on the Red Line and across from the University of the District of Columbia.
“Despite a more challenging real estate market and a complex TOPA process, we executed a targeted marketing strategy that generated 22 property tours and six competitive offers, ultimately creating a strong bidding environment that drove the sale price to approximately 105% above the original list price,” said Lorenzo Wooten, CCIM, Senior Director Investments. “Buyer demand remained strong given the property’s prime location, durable in-place income, recent capital improvements, and thoughtful upgrades across a majority of the units.”
The Wooten Group of Marcus & Millichap exclusively marketed the property on behalf of the seller, Sirius LLC, and procured the buyer, White Crest CT LLC. Jared Cassidy, Senior Director, Capital Markets, secured a 5-year loan with a national bank on behalf of the buyer. The loan was structured to complement the buyer’s capital improvement plan, with a built-in interest-only period followed by 35 years of amortization.
The four-story apartment building totals approximately 14,400 rentable square feet. The unit mix includes 21 studio units, seven one-bedroom units, and nine two-bedroom units. Built in 1957, the building has undergone recent renovations, including upgrades to common areas, building systems, and select units.
4107 Connecticut Ave NW is located along Connecticut Avenue in Northwest Washington, D.C., one block from the Van Ness-UDC Metro station on the Red Line and across from the University of the District of Columbia.
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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, 2025, the company had 1,808 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 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
