Greysteel, a national commercial real estate investment services firm, has been named exclusive advisor and agent by a private local investor for the sale of Courtyard Park, a multifamily value-add opportunity located in Hyattsville, MD.

Greysteel Senior Director Kyle Tangney and Associate Herbert Schwat, of the Company’s Washington, DC office, are marketing the property.

The property, consisting of seven, four-story buildings, located at 4201-4213 Oglethorpe Street, was constructed in 1948 and totals 94 units. The property is well-situated within close proximity to a variety of restaurants, stores, and services, such as Regal Cinemas, Chipotle, YES! Organic Market, and Macy’s.

“This property represents a truly incredible value-add opportunity,” said Mr. Tangney. “Courtyard Park offers residents an alternative to surrounding newly built properties, which are pushing market rents higher while still benefiting from the same nearby retail options. Considering the Hyattsville Arts District continues to mature and nearby transformative developments like the Purple Line Metro Station and Prince George’s Plaza Transit District Development Plan are moving forward to delivery, Courtyard Park has long term growth potential.”

About Greysteel:

Greysteel is a commercial real estate and capital markets services firm with eight offices located in Phoenix, AZ; 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