Updated Jul 17, 2025
Jon M. Peterson Of Peterson Cos Acquires Multifamily Property In Washington DC For $155M
1270 4th Street Northeast
$155,000,000
Units
432
Asset Type
MultiFamily
Closing
Jul 15, 2025
About this deal
AI
The sale involved a multifamily asset consisting of 432 units located at 1270 4th Street Northeast in Washington, DC. The transaction was finalized at a sale price of $155,000,000, bringing the price per unit to approximately $358,796. The property was previously purchased by the seller in 2021 for $205,000,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $155,000,000
- Units: 432
- Price Per Unit: $358,796
- Buyer: Jon M. Peterson - Peterson Cos
- Seller: Matt Kelly - JBG Smith
- Market: Washington, DC
- Sale Date: 07/15/2025
Jon M. Peterson represented Peterson Cos. in acquiring the asset, while Matt Kelly represented JBG Smith in the sale of the property.
On the Map
$155,000,000
MultiFamily
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Washington MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93