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

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:

• Property Type: Mixed-use
• Transaction Amount: $5,300,000
• Units: 17
• Price Per Unit: $311,765
• Seller: Rooney Properties
• Buyer: AG Capital
• Broker Representatives: Andrew Pacious, Marty Zupancic & Ryan Murray - Marcus & Millichap
• Date of Sale: 05/20/2025

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.