Two large residential buildings are hitting the market in Petworth.
The Zupancic Group listed the buildings, owned by Donatelli Development, that are in close proximity of the Georgia Avenue-Petworth Metro station. Griffin, constructed in 2011, is a 49-unit building at 3801 Georgia Avenue NW (map), while 3825 Georgia contains another 32 units and was constructed in 2016. The buildings are selling for $20 million and $9.75 million respectively.
The brokerage told UrbanTurf that the sale is typical of developer Donatelli's strategy with multi-family development; Donatelli was also part of the teams which built and later sold nearby Park Place and The Ellington on U Street.
These properties are just the latest multi-family buildings to hit the market in Petworth. Last month, UrbanTurf reported on the former Sweet Mango site, just on the other side of the Petworth Metro, also being listed for sale.
This article originally published at https://dc.urbanturf.com/articles/blog/81-rental-units-hit-the-market-in-petworth/15200.
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