American Housing Acquires 25-Unit Multifamily Property In Washington, DC For $4.65M

Marcus & Millichap has announced the sale of a 25-unit multifamily property located in Washington, D.C.'s Brightwood/16th Street Heights neighborhood. The property, situated at 1320 Nicholson Street Northwest, was sold for a total price of $4.65 million. With a price per unit of $186,000 and a price per square foot of $208.72, this multifamily asset offers great investment potential.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $4,650,000
• Address: 1320 Nicholson Street Northwest, Washington, DC
• Market: Washington, DC
• Square Footage: 22,279
• Price per Square Foot: $208.72
• Units: 25
• Price per Unit: $186,000

The buyer for this transaction was American Housing, while NOVO Properties represented the seller. The deal was facilitated by the expertise of the brokers at Marcus & Millichap, Marty Zupancic, Christian Barreiro, and John Slowinski, who successfully brought both parties together to close the sale.