Marcus & Millichap Brokers Distressed MF Sale in DC

Marcus & Millichap Brokers Distressed MF Sale in DC
News| October 3, 2025| Jasmine Kilman
Washington DC + Apartment Buildings

Marcus & Millichap has brokered the sale of a 14-unit multifamily property at 920 Madison Street NW in the Brightwood Park neighborhood of Washington, D.C., for $1.68 million.

“This was a challenging deal with many twists and turns, but our experience with distressed assets and the Brightwood and Upper Northwest neighborhoods helped us guide the transaction to a successful close,” said John Slowinski, associate director investments. Slowinski, Marty Zupancic and Ryan Murray of the Zupancic Group of Marcus & Millichap represented the seller, 76 M, Inc. The property was sold through a Chapter 11 bankruptcy process that was subject to U.S. Bankruptcy Court approval.

Built in 1957, the three-story, 11,466-square-foot building includes two one-bedroom and 12 two-bedroom apartments. The property is located just off Georgia Avenue and within one mile of the Parks at Walter Reed, a $1 billion mixed-use redevelopment that is delivering more than 2,200 new housing units, retail, office space and dining to the area.

Other News

MBTA Issues RFQ for Redevelopment of Lynn Commuter Parking Garage

Boston & New England + Apartment Buildings

The Massachusetts Bay Transportation Authority (MBTA) has issued a request for qualifications from would-be redevelopers of its downtown Lynn, MA commuter parking garage. It’s the first of a two-step process, to be followed by a request for proposals. The five-story garage opened in 1992 and has been partially closed since 2022 over safety concerns, ItemLive...

Learn more

Kidder Mathews Arranges Sale of 45-Unit Multifamily in Walla Walla

Seattle & Northwest + Apartment Buildings

Suncrest Apartments, a 45-unit multifamily community located at 1800 Evergreen Street in Walla Walla, Washington, has sold for $4.3 million. Kidder Mathews Vice President Max Frame of the Simon | Anderson Multifamily Team in Seattle represented the seller, Art Griff, in the transaction. The buyer was Jason Zook. Situated on 1.72 acres, Suncrest Apartments consists...

Learn more

Brightshore Acquires Newly Built Long Island City Luxury Apartments

New York & Tri-State + Apartment Buildings

Brightshore Capital LP, formerly GTIS Partners, has acquired DŌMI, a newly constructed, 190-unit luxury multifamily property located at 29-24 40th Ave. in Long Island City, for slightly more than $143 million. The acquisition through Brightshore’s Opportunity Zone Fund II was financed with a $98.5-million loan from Affinius Capital. The seller was a joint venture of...

Learn more
New call-to-action

Brokers

View All

Lenders

View All