245-249 8th Street NE 245-249 8th St NE 11 Unité Immeuble d’appartements 3 996 142 $ CAD (363 286 $ CAD/Unité) Washington, DC 20002

BANKRUPTCY SALE
Court-Approved Sale Pursuant to Chapter 11 Bankruptcy Proceedings The Property is being marketed for sale on behalf of the debtor pursuant to Chapter 11 bankruptcy proceedings, with Horvath & Tremblay retained as exclusive marketing agent and approved by the United States Bankruptcy Court for the District of Columbia. The sale will be subject to Bankruptcy Court approval, providing a transparent, court-supervised process for all qualified bidders.
A sale pursuant to Chapter 11 offers several potential advantages to buyers, including:
Enhanced Title Certainty: The transaction is expected to be completed free and clear of liens, claims, and encumbrances under Section 363 of the Bankruptcy Code, subject to court approval, providing buyers with a high degree of comfort regarding title.
Structured and Transparent Process: The court-supervised sale process ensures clearly defined procedures, timelines, and bidding protocols, creating a level playing field for all participants.
Reduced Post-Closing Risk: Court approval of the transaction can mitigate certain post-closing risks, as the sale terms and transfer are vetted and authorized through the bankruptcy process.
Horvath & Tremblay is pleased to present 245–249 8th Street NE (the “Property”), a strategically located multifamily asset in the heart of Capitol Hill—one of Washington, DC’s most established and supply-constrained residential submarkets. Positioned just eight blocks east of the United States Capitol, the Property benefits from proximity to a globally significant employment center that consistently drives strong rental demand.
The asset is being offered with significant physical vacancy, providing a rare opportunity for investors to execute a business plan without displacement constraints. Combined with its irreplaceable location, favorable utility structure, and exemption from Washington, DC rent control, the Property represents a compelling investment for both local and out-of-market capital seeking flexibility and long-term upside