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1341 G Street Northwest

Jed Resnick Of Douglaston Development Acquires Colorado Building In Washington DC For $20M
SOLDOffice

Jed Resnick Of Douglaston Development Acquires Colorado Building In Washington DC For $20M

1341 G Street Northwest

$20,000,000

$151/SF

Building Size

132,000 SF

Asset Type

Office

Closing

Jan 16, 2026

AI

The property involved in this transaction is an office asset located at 1341 G Street Northwest in Washington, DC. It was sold for a total price of $20,000,000 and encompasses a total square footage of 132,000, translating to a price per square foot of $152.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $20,000,000
  • Address: 1341 G Street Northwest
  • Market: Washington, DC
  • Square Footage: 132,000
  • Price Per Square Foot: $152
  • Buyer: Jed Resnick - Douglaston Development

This transaction involved Douglas Development, which acquired the historic 11-story Colorado Building at the specified address. The deal was represented by Jed Resnick, associated with Douglaston Development.

Players

Douglaston Development
Douglaston DevelopmentBuyer

Washington Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.79%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93