1460 Euclid Street NWWASHINGTON, DC–1460 Euclid Street NW, a 26,640 square foot multifamily building sold as an affordable housing redevelopment opportunity. Jubilee Housing, a local affordable housing provider, acquired the community which is located just steps from Meridian Hill Park and the 14th Street Corridor for $6 million through the TOPA process.
Grant Fitzgerald and Marty Zupancic of Marcus & Millichap represented the local seller in the transaction, securing yielded 14 written offers and 49 property tours during the marketing.
The property was built in 1926 and sits on a 7,182 square foot lot which is zoned RA-2. The property was approximately 31.25% occupied at the time of contract and closing.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
