{"id":1004128467,"date":"2015-09-30T03:53:10","date_gmt":"2015-09-30T11:53:10","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=361657"},"modified":"2022-12-08T23:09:41","modified_gmt":"2022-12-09T07:09:41","slug":"iconic-apartment-high-rise-in-washington-up-for-sale","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/iconic-apartment-high-rise-in-washington-up-for-sale\/","title":{"rendered":"Iconic Apartment High-Rise in Washington Up for Sale"},"content":{"rendered":"<p><em>By Adriana Pop, Associate Editor <\/em><\/p>\n<div id=\"attachment_361662\" class=\"wp-caption alignright\" style=\"width: 310px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/09\/The-Rittenhouse-Apartments-in-Washington1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-361662\" title=\"The Rittenhouse Apartments in Washington, D.C.\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/09\/The-Rittenhouse-Apartments-in-Washington1.jpg\" alt=\"The Rittenhouse Apartments in Washington, D.C.\" width=\"300\" height=\"199\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">The Rittenhouse Apartments in Washington, D.C.<\/p>\n<\/div>\n<p><strong><a href=\"https:\/\/www.greysteel.com\/\">Greysteel<\/a><\/strong>\u2019s Mid-Atlantic multifamily investment sales team led by Ari Firoozabadi, John F. Mullen, W. Kyle Tangney, Mike Bediones, Jake Ying, and Alicia Orkisz has been retained as exclusive advisor and agent for the sale of The Rittenhouse Apartments at 6101 16<sup>th<\/sup> St. in Northwest Washington, D.C.<\/p>\n<p>The 208-unit multifamily community is conveniently situated in the premier Gold Coast residential neighborhood, along historic 16th Street, one of Washington\u2019s most prominent thoroughfares. Residents here have easy access to the area\u2019s major employers via Rock Creek Parkway, leading to I-495 and I-66. Nearby attractions include the Parks at Walter Reed, the Georgia Avenue Walmart Supercenter, and Downtown Silver Spring.<\/p>\n<p>The property also boasts the largest floor plans in the submarket with units averaging from 158 to 275 square feet. Amenities include a resort-style swimming pool, 24-hour fitness center, luxurious club room, modern business center, and a game room.<\/p>\n<div id=\"attachment_361663\" class=\"wp-caption alignleft\" style=\"width: 310px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/09\/Greysteel-Senior-Director-John-Mullen.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-361663\" title=\"Greysteel Senior Director John Mullen\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/09\/Greysteel-Senior-Director-John-Mullen.jpg\" alt=\"Greysteel Senior Director John Mullen\" width=\"300\" height=\"267\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">Greysteel Senior Director John Mullen<\/p>\n<\/div>\n<p>According to Greysteel Senior Director John Mullen, this community has tremendous value-add potential, with properties of similar age and size achieving 25 percent higher rents.<\/p>\n<p>\u201cAdditionally, several units have been added to the unit count by utilizing unused storage space, which are also exempt from rent control. Those units have been able to achieve rents 36 percent higher than the Property\u2019s in-place average, thus identifying significant unrealized rent potential,\u201d added Mullen.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rittenhouse Apartments, a 208-unit multifamily community in Northwest Washington, has significant value-add potential.<\/p>\n","protected":false},"author":260,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1615],"tags":[682],"class_list":["post-1004128467","post","type-post","status-publish","format-standard","hentry","category-washington-dc","tag-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Iconic Apartment High-Rise in Washington Up for Sale - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/iconic-apartment-high-rise-in-washington-up-for-sale\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Iconic Apartment High-Rise in Washington Up for Sale\" \/>\n<meta property=\"og:description\" content=\"Rittenhouse Apartments, a 208-unit multifamily community in Northwest Washington, has significant value-add potential.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/iconic-apartment-high-rise-in-washington-up-for-sale\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-09-30T11:53:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T07:09:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/09\/The-Rittenhouse-Apartments-in-Washington1.jpg\" \/>\n<meta name=\"author\" content=\"Adriana Pop\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/iconic-apartment-high-rise-in-washington-up-for-sale\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/iconic-apartment-high-rise-in-washington-up-for-sale\\\/\"},\"author\":{\"name\":\"Adriana Pop\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/c6fbe4a6cd09e6097b39e787ae96d7ad\"},\"headline\":\"Iconic Apartment High-Rise in Washington Up for Sale\",\"datePublished\":\"2015-09-30T11:53:10+00:00\",\"dateModified\":\"2022-12-09T07:09:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/iconic-apartment-high-rise-in-washington-up-for-sale\\\/\"},\"wordCount\":241,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/iconic-apartment-high-rise-in-washington-up-for-sale\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/09\\\/The-Rittenhouse-Apartments-in-Washington1.jpg\",\"keywords\":[\"News\"],\"articleSection\":[\"Washington D.C.\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/iconic-apartment-high-rise-in-washington-up-for-sale\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/iconic-apartment-high-rise-in-washington-up-for-sale\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/iconic-apartment-high-rise-in-washington-up-for-sale\\\/\",\"name\":\"Iconic Apartment High-Rise in Washington Up for Sale - 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