Press Releases
Marcus & Millichap Arranges $9.5M Sale of Multifamily Property in Washington, D.C.
October 28, 2026
WASHINGTON, D.C., Oct. 28, 2026 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Broadcast Apartments, a partially complete multifamily development project in D.C.'s Tenleytown neighborhood. The asset sold for $9.5 million.
“This was a very complex, multidimensional transaction involving a receiver, a ground lease, a partially completed building and a host of other issues,” said Marty Zupancic, senior managing director investments in Marcus & Millichap's Washington, D.C. office. "Without the significant experience level of this particular receiver, this deal would have been impossible to close."
Zupancic, John Slowinski and Ryan Murray of Marcus & Millichap exclusively marketed the property on behalf of the seller, Black Dog Receiver, LLC, a court-appointed receiver.
Broadcast Apartments is located at 4620-4624 Wisconsin Ave NW. The property is designed to be an eight-story, Class A development totaling 161,347 gross square feet. It is situated on a 23,522-square-foot MU-4 zoned lot. The property will deliver 144 residential units and three ground-floor retail suites spanning 11,328 square feet. Plans also include a below-grade parking garage, fitness center, lobby and laundry facilities.
The property is one block from the Tenleytown-AU Metro Station, servicing the red line, which offers direct access to Downtown D.C., Bethesda and Silver Spring. It is surrounded by restaurants and retailers, close to American University.
“This was a very complex, multidimensional transaction involving a receiver, a ground lease, a partially completed building and a host of other issues,” said Marty Zupancic, senior managing director investments in Marcus & Millichap's Washington, D.C. office. "Without the significant experience level of this particular receiver, this deal would have been impossible to close."
Zupancic, John Slowinski and Ryan Murray of Marcus & Millichap exclusively marketed the property on behalf of the seller, Black Dog Receiver, LLC, a court-appointed receiver.
Broadcast Apartments is located at 4620-4624 Wisconsin Ave NW. The property is designed to be an eight-story, Class A development totaling 161,347 gross square feet. It is situated on a 23,522-square-foot MU-4 zoned lot. The property will deliver 144 residential units and three ground-floor retail suites spanning 11,328 square feet. Plans also include a below-grade parking garage, fitness center, lobby and laundry facilities.
The property is one block from the Tenleytown-AU Metro Station, servicing the red line, which offers direct access to Downtown D.C., Bethesda and Silver Spring. It is surrounded by restaurants and retailers, close to American University.
# # #
About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
