Washington · Commercial sale
Massachusetts Avenue Owner buys 1499 Massachusetts Ave NW in Washington for $147 million
An apartment building at 1499 Massachusetts Ave NW, Washington sold for $147,000,000 on September 11, 2026. See the seller and buyer net sheets for this.
- Sale price
- $147,000,000
- Sold
- September 11, 2026
- Property type
- Apartment building
- Building area
- 281,191 sq ft
- Price per sq ft
- $523
- Year built
- 2002
An apartment building at 1499 Massachusetts Ave NW in Washington sold for $147,000,000 on September 11, 2026, according to the District of Columbia Office of Tax and Revenue's property sales records. That is 8.4 times the $17,500,000 paid in the most recent earlier sale on record, in 2000.
The record lists Massachusetts Avenue Owner, LLC as the buyer.
The Office of Tax and Revenue's records show 281,191 square feet of building area, a 2002 construction date and a 0.54-acre lot. At that size, the price works out to $523 per square foot.
The market value on record is $163,547,840, and the sale price is 10% below that. An aerial photo of the property shows it sits at a street corner, with apartment and condo buildings around it.
What this sale costs to close
What does closing cost at this price? Under District of Columbia custom the seller's larger charges are $2,131,500 for the deed transfer tax and $400 for the settlement / closing fee. The seller's estimated net is $144,073,767 before brokerage commissions and any loan payoff. A cash buyer would need about $148,706,372 at closing.
Source: DC Office of Tax and Revenue, real property tax roll (ITSPE), document 2026089881. Property details: DC Office of Tax and Revenue. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.
