American Housing Acquires 25-Unit Multifamily Property In Washington, DC For $4.65M
1320 Nicholson Street Northwest
22,279 SF
Summary
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.
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