July Residential Group And Matador Capital Management Acquire Multifamily Asset In Washington DC For $13.35M

The Arbor at Takoma, located at 218 Cedar Street Northwest in Washington, DC, is a newly built multifamily property that consists of 36 residential units and 4 retail spaces. It was sold for $13,350,000 which equates to a price per unit of approximately $370,833. The property was previously sold at foreclosure for $12.4 million.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $13,350,000
• Units: 36
• Price Per Unit: $370,833
• Address: 218 Cedar Street Northwest
• Market: Washington, DC

The deal was brokered by Feldman Ruel, representing July Residential Group and Matador Capital Management, who are the buyers of the property. The acquisition was finalized on June 26, 2025.