Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
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4445 Willard Avenue Suite 1200
Chevy Chase, MD 20815
D.C. OFFICE
Mortgage Bankers
Senior Managing Director
301.202.3553
bobby.meehling@berkadia.com
ROBERT MEEHLING
Director
240.421.5565
louis.jacobe@berkadia.com
Louis Jacobe
Investment Advisors
Contact us
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The Luzon
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Van Buren
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THE portfolio
The Berkadia Real Estate Advisors Team is pleased to exclusively present for sale Luzon & Van Buren, two multifamily assets consisting of 118 well-maintained and large units in Washington, DC. The properties sit adjacent to one another operating as one in the Brightwood neighborhood.
The properties sit in one of the most up and coming areas of the city with increasing demand for multifamily units. They border the Parks at Walter Reed, a 66-acre redevelopment of repurposed historic structures and new construction creating an impressive live-work-play destination. The properties also neighbor Rock Creek Park, 1,754 acres filled with recreational facilities. Nearby retail along Georgia Avenue offers residents additional everyday amenities. Takoma red line Metro station is only one mile from the properties connecting residents to the greater DC area’s employers and amenities.
THE OFFERING
118
total units
976
Avg Unit Size
$1.864
Avg Rent
1949
Avg Bldg Age
115,250
TOTAL SQFT
Large units
Value Add Opportunity
The Properties
The Opportunity
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6505 14th St NW,
Washington DC 20012
Year Built - 1955
Total SF - 50,500
Number of Units - 51
Avg Unit SF - 990
6600 Luzon Ave NW,
Washington DC 20012
Year Built - 1942
Total SF - 64,750
Number of Units - 67
Avg Unit SF - 966
DOC CENTER
4445 Willard Avenue Suite 1200
Chevy Chase, MD 20815
D.C. OFFICE
Mortgage Bankers
Senior Managing Director
301.202.3553
bobby.meehling@berkadia.com
ROBERT MEEHLING
Director
240.421.5565
louis.jacobe@berkadia.com
Louis Jacobe
Investment Advisors
Contact us
The Properties
The Opportunity
Terms of Use
Privacy
Contact
Document Center
Managing Director
703.408.7701
ted.hermes@berkadia.com
Ted Hermes
6600 Luzon Ave NW | Washington, DC 20012
Units averaging 966 and 990 SF exceeding the DC multifamily average size of 738 SF
Increase rental income to the maximum available within DC Rent Control
Adjacent to Walter Reed Redevelopment
3.1M SF of new construction and adaptive reuse of historic structures, driving increased foot traffic and residential demand
Takoma Metro Station
One mile to the red line- primary line through downtown DC and the busiest line in the system
THE OFFERING
KEY HIGHLIGHTS
$1.91
Avg Rent/SQFT
6505 14th St NW | Washington, DC 20012
DOC CENTER
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L
VB
118-Units, 2 Multifamily Properties
Washington, DC’s Brightwood Submarket | Value-Add Opportunity | Located Near New Developments
Senior Director 781.801.2378 phil.brannigan@berkadia.com
Phil Brannigan
Major Capital Improvements Completed
Elevator modernization, new kitchens, window and entry door replacement and more already completed by current ownership
