DC Multifamily Trades for $19M

WASHINGTON DC – GlobeSt.com exclusively reports that Marcus & Millichap has brokered the sale of the 49-unit, Griffin Apartments at Petworth Metro in Washington DC. The multifamily building sold to the Virginia-based, private equity fund, Viking Capital for $19.1 million; representing a $390,306 price per unit and a 4.68% cap rate.

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