Marcus & Millichap Brokers Sale of Multifamily Development Site in D.C.
WASHINGTON, D.C. — Marcus & Millichap has brokered the sale of a 10,780-square-foot tract of land located at 2027 Rhode Island Ave. N.E. in Washington, D.C. The site currently houses a 3,739-square-foot mixed-use property. An unnamed developer purchased the site for $1.9 million with plans to develop more than 30 multifamily residences. Benjamin Wilson, Ryan Smith and Josh Feldman of Marcus & Millichap represented the seller in the transaction. Wilson, Smith and Feldman, along with Cameron Webb of Marcus & Millichap’s Washington, D.C., office, secured the buyer.