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August 9, 2022 | PRESS RELEASES | Marcus & Millichap Mid-Atlantic

The Zupancic Group of Marcus & Millichap Announces $5 Million Sale of Columbia Heights Apartments

The Zupancic Group of Marcus & Millichap, a leading multifamily real estate brokerage firm in Washington, D.C., announced the sale of Elberon, a 19-unit apartment property located in the Columbia Heights neighborhood of D.C. The asset sold for $5 million, or $236,158 per unit.

“The Elberon provided a rare and unique opportunity for Ernst Equities to acquire a boutique Victorian property in the Columbia Heights neighborhood, where similar properties rarely trade,” says Marty Zupancic.

Zupancic, in addition to John Slowinski, Nick Murray and Eric Jentoft-Herr, had the exclusive listing to market the property on behalf of the seller. The buyer, Ernst Equities, was also secured by the team.

 

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Featured in The Washington Business Journal: Columbia Heights property sells for $5 million. 

View The Elberon.

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About Marcus & Millichap (NYSE: MMI)

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.