WASHINGTON, DC —Greysteel has arranged the sale of Worthington Woods, a 394-unit garden-style multifamily community located in Washington, DC.
Greysteel president & CEO, Ari Firoozabadi; managing dir., Kyle Tangney; dir. Herbert Schwat; sr. investment associate, Henry Mathies; and investment associate, Dutch Seitz, of the company’s Washington, DC office, sold the property on behalf of the seller, WCSmith and Aldon Torch and solely procured the buyer, Montgomery Housing Partnership. The property sold for $37 million.
The 394-unit property is located at 4419 3rd St., SE, Washington, DC constructed in 1944, Worthington Woods was fully placed-in-service under the Section 42 Low Income Housing Tax Credit program in 2002.