WASHINGTON DC – GlobeSt.com exclusively reports that Marcus & Millichap has brokered the sale of the 49-unit, Griffin Apartments at Petworth Metro in Washington DC. The multifamily building sold to the Virginia-based, private equity fund, Viking Capital for $19.1 million; representing a $390,306 price per unit and a 4.68% cap rate.
Built in 2011 and located near the Georgia Avenue-Petworth metro station, Griffin Apartments features luxury one- and two-bedroom floorplans, an Amazon Hub package delivery system and a 19-space, underground parking garage.
Marcus & Millichap's senior associate, Christian Barreiro and first VP of investments, Marty Zupancic brokered the sale between the buyer and the seller, an entity under the control of Donatelli Development.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
