Greysteel, a national commercial real estate investment services firm, has been named exclusive advisor and agent by Neal Investments Inc. for the sale of Neal Garden Apartments, a multifamily property located in Washington, D.C.

Greysteel Co-Founder, Ari Firoozabadi; Senior Director, W. Kyle Tangney; Director, Rawles M. Wilcox; and Investment Associates, Alicia Orkisz and Herbert Schwat; of the Company’s Washington, D.C. office, are marketing the property.

Neal Garden Apartments is a three-building, 56-unit multifamily property built in 1963 and situated on a 60,490 square foot lot. Located at 15 41^st Street, NE and 4111, 4117, and 4125 Ames Street, NE, the property benefits from its superior location immediately off East Capitol Street, which is one of three main arteries connecting D.C. over the Anacostia River stretching east into Prince George’s County. The property is a short walk to the Benning Road and Minnesota Avenue Metro stations, which provide Blue, Orange, and Silver line service and transport passengers from Prince George’s County through Downtown Washington and into Northern Virginia.

“Opportunities directly off the three major arteries over the Anacostia River are becoming incredibly desirable for investors,” stated Mr. Tangney. “The superior accessibility to Capitol Hill and Downtown D.C. as well as the proximity to two Metro stations and an existing retail corridor have primed the East Capitol Street, Benning Road, and Northern Minnesota Avenue area for continued expansion and revitalization. As displaced by the current developments underway and a number of investors going long on land, retail, and multifamily opportunities, we anticipate this area of the District to continue appreciating in value over the years,” he added.

About Greysteel:

Greysteel is a commercial real estate and capital markets services firm with seven offices located in Los Angeles, CA; Washington, D.C.; Baltimore, MD; Philadelphia, PA; Dallas, TX; Fort Worth, TX; and Norfolk, VA. Greysteel serves and advises private and institutional real estate investors and developers in the marketing, sale, and financing of private capital and middle-market real estate assets. www.greysteel.com