Bernstein Management acquires 4115 Wisconsin
A subsidiary of one of BMC’s investment entities closed on a 50% tenants-in-common interest in the apartment building at 4115 Wisconsin Avenue, NW.
The Property consists of 40 apartment units and 17 service-oriented commercial units. It is located at the corner of Wisconsin Avenue and Van Ness Street, one block from the proposed future redevelopment of the Fannie Mae headquarters site, which would include DC’s first Wegmans grocery store. The Property is an 8-minute walk to the Tenleytown Metro Station and is close to numerous restaurants and retail stores along Wisconsin Avenue.
Bernstein Management acquires 1600 Pennsylvania Avenue SE
On February 15, 2017, an investment affiliate of Bernstein Management Corporation purchased 1600 Pennsylvania Ave, SE (“1600 Penn”), a 77-unit apartment property located in the emerging Hill East section of the Capitol Hill neighborhood.
Developed in 2015, 1600 Penn offers modern unit interiors with stainless steel appliances, granite countertops and designer fixtures, as well as appealing community amenities, including a rooftop terrace and sundeck with direct views of the Anacostia River.
1600 Penn is a short walk away from the Potomac Avenue Metro station and a Harris Teeter grocery store; it’s also less than one mile from Eastern Market and the shopping and dining at Barracks Row. Nearby, one can find the Capitol Riverfront and Ballpark District.
Bernstein Management acquires 4250 Connecticut Avenue
On November 30, 2016, an investment affiliate of Bernstein Management Corporation purchased 4250 Connecticut Avenue, NW (“4250”), a 202,000 square foot office building with ground floor retail, from Fannie Mae. Built in 1982, 4250 is located along Connecticut Avenue in the Van Ness neighborhood next to the Van Ness-UDC Metro Station on the Red Line, as well as the Uptown campus of the University of the District of Columbia. It is also near a commercial corridor which includes a CVS/Pharmacy and Giant Food grocery store.