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Marcus & Millichap Brokers Sale of Vacant DC Apartment Property
Marcus & Millichap has brokered the sale of V Street Apartments, a vacant, 12-unit multifamily community in the Eckington neighborhood of Northeast Washington, D.C. The asset sold for $775,500.
“We’re pleased to have successfully completed the sale of V Street Apartments through the Chapter 11 bankruptcy process,” said Ryan Murray, Associate. “The sale closed within 30 days of court approval, allowing these units to be renovated and restored to the market to support the community’s growing demand for affordable housing.”
Ryan Murray, Marty Zupancic, John Slowinski and Andrew Pacious, investment specialists in Marcus & Millichap’s Washington D.C. office, represented the seller in the transaction, Marc Albert, Chapter 11 Trustee.
V Street Apartments, located at 401–409 V St. NE, comprises three contiguous, two-story apartment buildings. Built in 1935, the property totals 7,418 square feet and includes 12 one-bedroom, one-bathroom apartments, each approximately 525 square feet.
