Greysteel, a national commercial real estate investment services firm, has been named exclusive advisor and agent by McKenney House LLC for the sale of 1820 Irving Street, NE, a multifamily property located in Washington, D.C.

Greysteel Co-Founder, Ari Firoozabadi; Senior Director, W. Kyle Tangney; Director, Rawles M. Wilcox; and Investment Associates, Alicia Orkisz and Herbert Schwat; of the Company’s Washington, D.C. office, are marketing the property.

1820 Irving Street, NE, built in 1956, is a 15-unit multifamily property located in the Woodridge neighborhood of Washington, D.C. Located next to the developing Rhode Island Avenue/Route 1, one of Washington D.C. and Prince George’s County’s major thoroughfares. New developments including Monroe Street Market, Rhode Island Row, Brookland Manor, Brentwood Village, and Rhode Island Avenue Center are quickly transforming the area into a thriving residential, retail, and entertainment destination.

“Northeast D.C.’s Rhode Island Avenue Corridor continues to get a lot of attention and it’s no surprise due to the landscape changing planned developments,” said Mr. Tangney. “With the addition of new neighborhood amenities and housing accommodations, multifamily investors are anticipating growth and demand from both prospective renters and buyers alike. 1820 Irving Street, NE presents an opportunity for a new buyer to capitalize on the changing Rhode Island Avenue Corridor and the economic benefits it brings along with the immediate operational upside it presents,” he added.

About Greysteel:

Greysteel is a commercial real estate and capital markets services firm with seven offices located in Los Angeles, CA; Washington, D.C.; Baltimore, MD; Philadelphia, PA; Dallas, TX; Fort Worth, TX; and Norfolk, VA. Greysteel serves and advises private and institutional real estate investors and developers in the marketing, sale, and financing of private capital and middle-market real estate assets. www.greysteel.com