Dennis Cravedi and Christian Barreiro of Horvath & Tremblay have closed the sale of a vacant, fully renovated nine-unit multifamily property located in the heart of the Dupont Circle neighborhood in Washington, D.C.
The property sold for $3.1 million, equating to $344,444 per unit and $547 per square foot, with Horvath & Tremblay exclusively representing the seller and directly procuring the buyer, a well-established local nonprofit organization.
Located at 1833 Swann Street NW, the property is situated just steps from Dupont Circle, the U Street Corridor, and the vibrant 14th Street Corridor. The building comprises 5,671 gross square feet and features a mix of one one-bedroom and eight two-bedroom units.
“It’s always rewarding to receive a client’s trust to come back to us to sell an asset again, and we were pleased to be able to watch a value-add property transform into a turnkey asset to ultimately further the mission of a highly regarded non-profit,” said Barreiro.
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