Marcus & Millichap, a leading commercial real estate investment firm, recently facilitated the sale of 1603 19th St. NW in Washington D.C.’s sought-after Dupont Circle neighborhood for $4.55 million ($325,000 per unit). The property consists of a historic apartment building with 14 units and was sold by The Zehner Family to Cedar Realty LLC.
The transaction was handled by Murray and Marty Zupancic from Marcus & Millichap’s Washington D.C. office who represented the seller and procured the buyer. According to Ryan Murray, an associate with Marcus & Millichap’s Zupancic Group, this property has been owned by the same family for generations and they are excited to see how Cedar Realty will enhance its value through their strategic plans.
Located just one block away from Connecticut Avenue and Dupont Circle Metro Station, this property spans over 22,645 square feet offering studio as well as one- and two-bedroom units. It also features an additional entrance at Q St., which adds more convenience for residents. With its rich history dating back to its construction in 1870s until now housing notable figures such as Dr.George M.Kober,Walter Reed,and Lily Spandorf,this iconic building is sure to continue attracting tenants looking for a unique living experience in this vibrant neighborhood.
