Ward 5 Parcel Trades For $150 Per SF
The 38,926-square foot parcel of land is situated at the corner of Montana Ave., NE and Rhode Island Ave., NE.
WASHINGTON, DC–Historic Berean Baptist Church has sold a parcel of land here for $5.85 million or $150.29 per square foot of land. The property is situated at the corner of Montana Avenue NE and Rhode Island Avenue NE, close to the Brentwood/Rhode Island Avenue Metro station. The buyer was not disclosed.
Josh Feldman and Ryan C. Smith of the Feldman Group of Marcus & Millichap and Cameron Webb of the Webb Group of Marcus & Millichap partnered to broker the sale of the 38,926-square foot parcel.
Historic Berean Baptist Church owned the property for nearly two decades and plans to relocate to another part of the city. Over the last few years, the sellers have been closely following market trends in and around the neighborhood, says Josh Feldman. “With many planned and existing development projects less than a mile away at the Brentwood/Rhode Island Avenue Metro station, the organization decided now was the best time for them to take advantage of the robust demand for sites like theirs.”