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Marcus & Millichap's DC office completes apt. building sale


WASHINGTON, DC — Marcus & Millichap has announced the sale of 245-249 8th St. NE a 13-unit apartment property located for $3.8 million according to Brian Hosey, regional manager of the firm’s Washington, DC office. Stacey Milam, an investment specialist in Marcus & Millichap’s Washington, DC office, had the listing to market the property on behalf of the seller, a private investor. Daniel Danesh, an investment specialist in Marcus & Millichap’s Washington, DC office, secured and represented the buyer, a limited liability company. 245-249 8th St. NE is located at 245-249 8th St NE in Washington, DC. The subject property was constructed in 1987 and has been meticulously maintained. The property is not subject to rent control, a valuable asset in this high demand area. The prime location and quality of the units allow for premium rents. “The settling of this transaction at an aggressive number, is a testimony to the commitment and tenacity of my team in a frothy marketplace” Milam said. READ MORE

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