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
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