Multifamily Conversion Opportunity

Multifamily Conversion Opportunity

Offering Overview

The DC Metro Multifamily Investment Sales Team of Berkadia Real Estate Advisors, LLC, as exclusive agent, is pleased to present for sale a rare Multifamily Conversion Opportunity. Located at 1823 L Street NW, Hotel RL is an existing 99-room hotel with 8,644 SF of thriving retail space, in downtown Washington, DC.

Located in the South Dupont area, nestled between the posh West End neighborhood and the bustling Farragut North business district (The Golden Triangle), its urban infill location provides unparalleled access to Metro Rail, retail and lifestyle amenities, and over 100,000 jobs in Washington, DC’s CBD. The property is offered debt free, with no T.O.P.A ordinances, and under an existing ground lease (62 years remaining).

Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.

© 2019 Berkadia Proprietary Holding LLC. Berkadia® is a registered trademark of Berkadia Proprietary Holding LLC. Commercial mortgage loan banking and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Investment sales / real estate brokerage business is conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada. In California, Berkadia Commercial Mortgage LLC conducts business under CA Finance Lender & Broker Lic. #988-0701, Berkadia Commercial Mortgage Inc. under CA Real Estate Broker Lic. #01874116, and Berkadia Real Estate Advisors Inc. under CA Real Estate Broker Lic. #01931050. For state licensing details for the above entities, visit: http://www.berkadia.com/legal/licensing.aspx

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