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AG Capital Purchases 17-Unit Mixed-Use Modo Apartments From Rooney Properties For $5.3M In DC

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SOLD
$5,300,000

Dc

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Mixed-use
Sold 05/20/2025
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SOLD

AG Capital Purchases 17-Unit Mixed-Use Modo Apartments From Rooney Properties For $5.3M In DC

3709 New Hampshire Avenue Northwest

See Similar Deals
Mixed-use
Sold 05/20/2025
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Summary

Asset Type:Mixed-use
Transaction Type:Sale

The transaction involved the sale of a mixed-use property located at 3709 New Hampshire Avenue Northwest, Washington, DC. The property, known as Modo Apartments, consists of 17 units and was sold for a total price of $5,300,000, resulting in a price per unit of $311,765.

Summary of transaction details:

Marcus & Millichap facilitated the transaction of Modo Apartments, with the buyer, AG Capital, planning to stabilize the property and lease the retail space. This involvement highlights the role of the brokers in representing both the seller and facilitating the buyer's intentions post-sale.

Players

Marty Zupancic
17 deals$127M volume
BROKER

Ryan Murray
Marcus & Millichap
8 deals$35.6M volume(301) 404-7965
BROKER

 Andrew Pacious
Marcus & Millichap
2 deals$7.5M volume(202) 536-3725
BROKER

Details

SOLD
IMAGE: 05/20/2025 ADDRESS: 3709 New Hampshire Avenue Northwest MARKET: Washington, DC ASSET TYPE: Mixed-use SELLER: Rooney Properties BROKERS: Andrew Pacious, Marty Zupancic & Ryan Murray - Marcus & Millichap SALE PRICE: $5,300,000 UNITS: 17 ~ PPU: $311,765 NOTE: Marcus & Millichap closed the sale of Modo Apartments in D.C.’s Petworth to AG Capital. The buyer plans to stabilize the 17-unit mixed-use property and lease the retail space.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$282,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$18,829.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,124.70
Annual Debt Service$301,496.45