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Greysteel handles Charles Terrace sale

Greysteel’s Mid-Atlantic multifamily sales team has been named the exclusive agent for the sale of the mixed-use Charles Terrace property in Mount Vernon.

The property at 920 N. Charles St. has four multifamily units and the ground floor retail space is leased by the Nepal House.

“Charles Terrace is a rare, mixed-use property for sale in one of the most sought after markets in Baltimore City, Mount Vernon,” Greysteel Investment Associate Lance Ahmadian said. “Upcoming developments, including the CVS/pharmacy and the reopening of the historic Brass Elephant, an upscale restaurant and lounge, next door will continue to enhance the area’s appeal to residents. With market comparables achieving nearly 50% higher rents, Charles Terrace is ideally situated with tremendous value-add potential through renovations of its multifamily units.”