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  • Land sells for $5.85 million in the

Feldman & Webb Groups of Marcus & Millichap collaborate to sell large Ward 5 Parcel

WASHINGTON, DC — The Feldman Group of Marcus & Millichap, in collaboration with the Webb Group of Marcus & Millichap, announced the sale of 1400 Montana Ave. NE for $5.85 million in the Brookland/Langdon neighborhoods of Washington, D.C. The 38,926 s/f parcel traded for $150.29 psf of land and is situated at the corner of Montana Ave. NE and Rhode Island Ave. NE. Josh Feldman, first vice president investments, and Ryan Smith, Investment associate, of the Feldman Group and Cameron Webb, vice president investments, of the Webb Group partnered to broker the transaction. The sellers, Historic Berean Baptist Church, owned the property for nearly two decades and plan to relocate to another part of the city. “Over the last few years, the Sellers have been closely following market trends in and around the neighborhood through their relationship with Marcus & Millichap,” said Feldman. “With many planned and existing development projects less than a mile away at the Brentwood/Rhode Island Ave.Metro station, the organization decided now was the best time for them to take advantage of the robust demand for sites like theirs.”

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