WASHINGTON, DC–1460 Euclid Street NW, a 26,640 square foot multifamily building sold as an affordable housing redevelopment opportunity. Jubilee Housing, a local affordable housing provider, acquired the community which is located just steps from Meridian Hill Park and the 14th Street Corridor for $6 million through the TOPA process.
Grant Fitzgerald and Marty Zupancic of Marcus & Millichap represented the local seller in the transaction, securing yielded 14 written offers and 49 property tours during the marketing.
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.