Marcus & Millichap Brokers $12.7M Multifamily Sale Of 2626 Pennsylvania Avenue NW

2626 Pennsylvania Avenue Northwest is a multifamily asset located in Washington, DC, featuring 32 units and a total square footage of 36,407. The property was sold for $12,700,000, which breaks down to a price per unit of $396,875 and a price per square foot of $349. The sale occurred amid bankruptcy proceedings through a competitive auction process.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $12,700,000
• Units: 32
• Square Footage: 36,407
• Price Per Unit: $396,875
• Price Per Square Foot: $349
• Date of Sale: 06/18/2025
• Address: 2626 Pennsylvania Avenue Northwest
• Market: Washington, DC

The transaction was brokered by Marty Zupancic, John Slowinski, and Ryan Murray of Marcus & Millichap, representing the selling party in this deal. The brokers successfully facilitated the sale, contributing their expertise to the auction process surrounding the property’s redevelopment potential.