New York Life Insurance Sells Mixed-Use Building On Pennsylvania Ave NW For $40M

New York Life Insurance Co. has completed the sale of an eight-story mixed-use building located at 2401 Pennsylvania Avenue NW in Washington, DC's West End. The property was sold at a foreclosure auction for a total price of $40,000,000. This building is a significant asset in the area, offering a range of uses including commercial and residential spaces. It is strategically located on Pennsylvania Avenue, providing convenient access to various amenities and attractions within the city.

Summary of transaction details

• Property Type: Mixed-Use
• Transaction Amount: $40,000,000
• Address: 2401 Pennsylvania Avenue NW, Washington, DC
• Market: Washington, DC

The sale of this mixed-use building at 2401 Pennsylvania Ave. NW was facilitated by New York Life Insurance Co. The deal involved multiple parties, including the seller, New York Life Insurance Co. The transaction marks a significant milestone in the property market in Washington, DC. The sale price of $40 million reflects the value and potential of the property. This transaction is an important development in the real estate sector and highlights the opportunities available in the West End area of Washington, DC.