Greysteel Company, Rittenhouse Apartments, Washington, DC
Size: 208 Units
Brokers: Kyle Tangney, Herbert Schwat and Ari Firoozabadi
The Rittenhouse, located at 6101 16th Street NW Washington, DC, is an iconic high-rise, multifamily community featuring amenities such as a resort-style swimming pool, 24-hour fitness center, luxurious club room, modern business center, and a game room. The Property further differentiates itself by offering the largest floor plans in the submarket with units averaging 158-275 s/f larger than comparable properties.
Greysteel represented Nuveen Real Estate in the sale of the building to Swedish investor Akelius, for $40.2M, a record price for the submarket. The new owners intend to implement a European-style upgrade to the property in the near term.