Washington DC CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


Washington DC  + DC  + Apartments  | 

Marcus & Millichap Arranges Foreclosure Sale of Columbia Heights Multifamily Asset  

Marcus & Millichap has announced the foreclosure sale of 1225 Clifton Street NW, a 19-unit apartment property in Washington, D.C. The asset sold for $4.35 million.  

The winning bidder at the foreclosure auction was a local multifamily investor active in the D.C. submarket. The property is located in a high-barrier-to-entry submarket, with few multifamily properties having traded in the past five years. The property was listed for auction on behalf of the lender, Invictus Capital Partners, by Marty Zupancic, Dennis Cravedi, Eric Jentoft-Herr, Joseph Tabb, and Nick Murray of Marcus & Millichap’s Washington, D.C. office.  

“Our team developed and executed an innovative, customized solution that leveraged our team’s strengths in the distressed asset sector of the multifamily investment sales market,” said Zupancic. “We were able to produce the results that our client, the lender, required in a challenging time in the current real estate climate.” 


Inside The Story

About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.

New call-to-action