### Feldman Ruel Completes Sale of Two Dupont Circle Multifamily Properties
Feldman Ruel has successfully completed the sale of 1715 and 1717 19th Street NW, two adjacent eight-unit multifamily buildings located in Washington, D.C.’s Dupont Circle neighborhood.
The two properties were sold for a combined price of $4.7 million, equating to $293,750 per unit. The sale of 1715 19th Street NW closed at $2.45 million in an all-cash transaction, while 1717 19th Street NW was acquired for $2.25 million.
Alex Petrov and Chris Chadwick of Feldman Ruel represented the seller in the transactions. The buildings had been owned and managed by Tom and William Beckett, grandchildren of the original purchaser, Edgar Beckett, who had acquired the properties in 1961.
The buyer, local investor Wayne Ma, was drawn to the properties due to the strong rental demand and the overall appeal of the Dupont Circle neighborhood. Ma plans to use the buildings as short-term furnished rentals while maintaining them as long-term investments.
