Harvard Village & Park East
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Harvard Village & Park East
2 Multifamily Properties in Washington, DC
Executive Summary
Berkadia is pleased to announce the sale of Harvard Village (85-Units) and Park East (88-units), two well-maintained properties located within the sought-after Adams Morgan neighborhood of Northwest Washington, D.C. These properties are offered for sale collectively or can be purchased individually.
Harvard Village and Park East are uniquely positioned within Adam Morgan’s quiet, tree-lined streets, giving a true residential feel while also being walkable to a variety of amenities including the Smithsonian’s National Zoo (3-minute walk), 18th Street retail corridor (5-minute walk), Columbia Heights (10-minute walk), and the U Street / 14th Street corridor (15-minute walk). This highly desirable residential location offers a distinct blend of bars, restaurants, entertainment, and nightlife, while the immediate location provides the coveted calm, privacy, and greenery of a residential neighborhood.
Harvard Village and Park East present the opportunity to acquire two stable cash-flowing assets, within a supply constrained submarket with strong historic occupancy, and value-add upside through an in-unit focused strategy to increase top line revenue.
Harvard Village and Park East are uniquely positioned within Adam Morgan’s quiet, tree-lined streets, giving a true residential feel while also being walkable to a variety of amenities including the Smithsonian’s National Zoo (3-minute walk), 18th Street retail corridor (5-minute walk), Columbia Heights (10-minute walk), and the U Street / 14th Street corridor (15-minute walk). This highly desirable residential location offers a distinct blend of bars, restaurants, entertainment, and nightlife, while the immediate location provides the coveted calm, privacy, and greenery of a residential neighborhood.
Harvard Village and Park East present the opportunity to acquire two stable cash-flowing assets, within a supply constrained submarket with strong historic occupancy, and value-add upside through an in-unit focused strategy to increase top line revenue.
Property Facts
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Under Contract | Total Building Size | 108,074 SF |
| Number of Properties | 2 | Total Land Area | 2.23 AC |
| Sale Type | Investment |
| Status | Under Contract |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 108,074 SF |
| Total Land Area | 2.23 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Park East Apartments
1845 Summit Pl NW, Washington, DC 20009 |
Multifamily | 48,400 SF | 1962 | - |
|
Harvard Village
1829 Summit Pl NW, Washington, DC 20009 |
Multifamily | 59,674 SF | 1940 | - |
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Harvard Village & Park East
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