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Broadcast 4620 Wisconsin Ave NW 144 Unit Apartment Building For Sale Washington, DC 20016
INVESTMENT HIGHLIGHTS
- Nearly completed project and ready-finish construction
- Steps from the Metro, direct access into DC & MD
- High-barrier to entry submarket
- Class A development with mixed-use income
- Nearby a plethora of retail and restaurants
- Asset being sold dree and clear of any and all liens and encumbrances
EXECUTIVE SUMMARY
The Zupancic Group of Marcus & Millichap, as the exclusive listing agent approved by the Superior Court of the District of Columbia, is pleased to present Broadcast Apartments, a partially complete 144-unit Class A multifamily development project located in the heart of Tenleytown, Washington, DC. This is a rare opportunity to acquire a large-scale, ready to complete development in a supply-constrained, transit-oriented neighborhood with a high barrier to entry. The asset is positioned in a coveted location just one block from the Tenleytown-AU Metro Station and is surrounded by prime retail and restaurants, schools, and top-tier neighborhoods like Bethesda, Chevy Chase, Georgetown, and more. This location in a core DC submarket supports strong projected lease up rates and demand, mitigating potential risk and presenting exceptional upside for a developer.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Fitness Center
- Tenant Controlled HVAC
- Roof Terrace
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 37 | - | 516 |
| 1+1 | 102 | - | 676 |
| 2+2 | 5 | - | 1,119 |
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Walk Score®
Walker's Paradise (95)
Transit Score®
Excellent Transit (71)
Bike Score®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | 1732-0055 | Improvements Assessment | $9,316,990 |
| Land Assessment | $9,699,020 | Total Assessment | $19,016,010 |
PROPERTY TAXES
Parcel Number
1732-0055
Land Assessment
$9,699,020
Improvements Assessment
$9,316,990
Total Assessment
$19,016,010
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Broadcast | 4620 Wisconsin Ave NW
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