Jemal Equities Acquires Office Asset From Boston Properties For $92.375 Million In Washington, DC
1330 Connecticut Avenue Northwest
$85,500,000
$281/SF
Building Size
303,254 SF
Asset Type
Office
Closing
Sep 23, 2026
About this deal
AI
The asset involved in this transaction is an office property located at 1330 Connecticut Avenue Northwest in Washington, DC. The property sold for $92,375,000, encompassing a total square footage of 303,254 and resulting in a price per square foot of $305.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $92,375,000
- Buyer: Jemal Equities - Matthew Jemal & Zach Kramer
- Seller: Boston Properties (BXP)
- Lender: Michael Solomon - Burke & Herbert Bank & Michael Bodnev - Cerco Capital
- Debt Originator: Cary Pollack & Judah Neuman - Meridian Capital Group
- Broker: Collins Ege - Eastdil Secured Savills
Key figures in this transaction include Matthew Jemal and Zach Kramer representing the buyer Jemal Equities. The seller, Boston Properties, is represented by their brokerage firm, and financing was facilitated by Michael Solomon and Michael Bodnev, with the debt originators being Cary Pollack and Judah Neuman from Meridian Capital Group.
On the Map
$85,500,000
$281/SF
Office
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Players
Washington Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.19%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93