StoneBridge Investments Acquires Connecticut Plaza Apartments In Washington, D.C.'s Cleveland Park For $66M

StoneBridge Investments has acquired Connecticut Plaza Apartments, a 236-unit rental apartment community in Washington, D.C.'s Cleveland Park neighborhood. The property, located at 2901 Connecticut Avenue Northwest, was sold for a total of $66 million. With an average price per unit of $279,661, this multifamily asset offers a great investment opportunity in the Washington, DC market.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $66,000,000
• Units: 236
• Price Per Unit: $279,661
• Address: 2901 Connecticut Avenue Northwest
• Market: Washington, DC

In this deal, StoneBridge Investments, represented by Kees Bruggen, has successfully acquired Connecticut Plaza Apartments. Serving as the buyer, StoneBridge Investments saw the potential in this rental apartment community and decided to make the purchase for $66 million. The transaction was facilitated by Alan Davis and Brenden Flood from Eastdil Secured, who acted as the brokers in the deal.