Marcus & Millichap, a leading commercial real estate brokerage firm, recently announced the successful sale of 1603 19th St. NW in Washington D.C.’s desirable Dupont Circle neighborhood. The historic property, which features 14 apartment units and spans over 22,000 square feet, was sold for $4.55 million ($325,000 per unit).
The seller of this prime investment opportunity was represented by Murray and Marty Zupancic from Marcus & Millichap’s Washington D.C. office while Cedar Realty LLC served as the buyer. According to Ryan Murray of the Zupancic Group at Marcus & Millichap: “This property has been in the seller’s family for generations and we are excited to see how the new owners will enhance its value through their strategic plans.”
Located just one block away from Connecticut Avenue and Dupont Circle Metro Station,the building offers a mix of studio apartments as well as one- and two-bedroom units with an additional entrance at Q Street NW.The original family ownership dates back to its construction in1870,and it has housed notable figures like Dr.George M.Kober,Walter Reed,and Lily Spandorf throughout history.
This transaction marks another successful deal brokered by Marcus & Millichap,a testament to their expertise in commercial real estate investments.
