Real Estate Journal — May 15 - 28, 2015 — 3A


M id A tlantic

M id A tlantic R eal E state J ournal Seventeenth Street Apartments and The Homes on A Greysteel arranges the sale of 27 units inWashington, DC ASHINGTON , D C — T h e Greysteel Com-

to our


Named Mi d-At l an t i c Rea l Es t a t e Journa l ’s “Best of 2014” Rankings fromMid-AtlanticRealEstateJournal survey


#1 Top Mortgage Brokers Jon Mikula Jim Cadranell #1 Largest Industrial Sale Industrial Portfolio - Northern NJ #2 Largest Financial Deal Keystone/Mack-Cali Portfolio

#1 Top Brokers - Sales HFF NJ Team of Jose Cruz & Kevin O’Hearn #1 Largest Office Sale PNC Place, Washington, D.C. #1 Largest Multifamily Sale The Crest at Fort Lee, NJ

pany has arranged the sale of Seventeenth Street Apart- ments, a 15-unit walk-up building located at 3410 17th St. in Northwest Wash- ington, DC. Greysteel’s Mid-Atlantic multifamily investment sales team led by Ari Firoozaba- di, W. Kyle Tangney, John Mullen, Lance Ahmadi- an, Mike Bediones, Jake Ying, and Alicia Orkisz served as advisor and agent to Jahco, LLC in the suc- cessful disposition of Seven- teenth Street Apartments to 3410 17th, LLC. “While the Mount Pleas- ant neighborhood has tradi- tionally commanded strong prices, demand for invest- ment opportunities in the area has dramatically ris- en,” said Greysteel senior director, W. Kyle Tangney. “The development of sur- rounding submarkets and limited supply of rental and for-sale product has drawn attention from a range of investors looking for long- term hold opportunities or a quick exit through the conversion to for sale prod-

HFF NEW JERSEY 200 Campus Drive Suite 410 Florham Park, NJ 07932 (973) 549-2000

HFF PHILADELPHIA Eight Tower Bridge 161 Washington Street Suite 925 Conshohocken, PA 19428 (484) 532-4200

HFF WASHINGTON, D.C. 1775 Pennsylvania Ave NW 5th Floor Washington, D.C. 20006 (202) 533-2500


Seventeenth Street Apartments

uct. Seventeenth Street Apartments was sold by the original developer’s family to two very well respected DC real estate families and operators. We congratulate both the buyer and seller and wish them great success moving forward.” WASHINGTON, DC — The Greysteel Company has arranged the sale of The Homes on A, a 12-unit mul- tifamily community located at 5110 A St. in the Capitol Gateway neighborhood of Southeast Washington, DC. Greysteel’s Mid-Atlantic

multifamily investment sales team led by Ari Firooz- abadi, W. Kyle Tangney, John F. Mullen, Lance Ah- madian, Mike Bediones, Jake Ying, and Alicia Orkisz served as advisor and agent to Lennox Bryson in the successful disposition of The Homes on A to Jerome Bailey, Bailey Real Estate Holdings LLC. Built in 1946, The Homes on A is conveniently situated two blocks fromEast Capitol St., a major thoroughfare and gateway to the city, and a short distance to I-295 and I-495, the Capitol Beltway. n

Recently Closed Loans

$8,000,000 44-Unit, 122-Bed Student Housing Cash-out Refinance Temple University Philadelphia, PA 75% LTV, 10/30, 205 bps over SWAP

Real Property Capital is a Philadelphia based full service commercial mortgage banking firm with a regional focus and national capabilities. Our business model emphasizes client satisfaction through a high-touch, analytical approach that distinguishes us from the competition. Learn more about our distinct approach and proven track record of success at www.realpropertycapital.com. FOR MORE INFORMATION: R. Brenner Green, President 75 East Butler Avenue • Ambler, PA 19002 • 610-456-9644 • bgreen@realpropertycapital.com Nothing. ADVERTISE TODAY! CALL 800-584-1062 Without advertising a terrible thing happens.

real estate auctions

DC Area Home on 3.4 +/- Ac Nominal Opening Bid: $250,000 Open to the Public 1-4pm Sun May 17 & 24

ASHTON, MD • 18600 New Hampshire Ave 9,414+/- sf brick home on approx 3.4ac lot. Main home includes 5 bedrooms, 5 full and 2 half baths, ballroom, main kitchen, lounge with additional kitchen, and elevator. Lower level has a guest apartment with separate entrance. Auctions: 5pm Wednesday, May 27 on site

The source for commercial real estate news in the Mid Atlantic Area. R EAL E STATE J OURNAL

Mid Atlantic Real Estate Journal Linda Christman, Publisher/CEO 800-584-1062 or 781-871-5298 • fax 781-871-5299 www.marejournal.com — Call or fax today for a FREE SAMPLE COPY! —

Also Auctioning in May: Occupied Washington DC condo at 1229 18th St, Unit 101 NE

800.982.0425 • williams auction .com/ashton


Mid-Atlantic Real Estate Business Journal 6 x 5.5

Made with FlippingBook - professional solution for displaying marketing and sales documents online