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Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of a 14-unit multifamily property at 920 Madison Street NW in the Brightwood Park neighborhood of Washington, D.C., for $1,680,000.
“This deal marks our team’s 20th distressed asset sale in the last year,” said John Slowinski, associate director investments. “This was a challenging deal with many twists and turns, but our experience with distressed assets and the Brightwood and Upper Northwest neighborhoods helped us guide the transaction to a successful close.”
Slowinski, Marty Zupancic and Ryan Murray of the Zupancic Group of Marcus & Millichap represented the seller, 76 M, Inc.
Built in 1957, the three-story, 11,466-square-foot building includes two one-bedroom and 12 two-bedroom apartments. The property is located just off Georgia Avenue and within one mile of the Parks at Walter Reed, a $1 billion mixed-use redevelopment that is delivering more than 2,200 new housing units, retail, office space and dining to the area.
Marcus & Millichap, Inc. (NYSE: MMI) is a leading national brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services. 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 our clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion.
Marcus & Millichap is the nation’s largest brokerage firm focused exclusively on investment sales. It is based on a simple premise: matching each property with the largest pool of pre-qualified investors. With over 2,000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research, and advisory services. Founded in 1971, the firm closed 8,954 transactions in 2020 with a value of approximately $43 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more about the company, please visit www.MarcusMillichap.com.