Broad Branch Group

The Broad Branch Group, an affiliate of TTR Sotheby’s International Realty, specializes in, both, residential and commercial real estate sales in the Washington, DC area. In leveraging its extensive direct experience in the business of real estate, with a knack for maximizing property value, the Broad Branch group brings a very unique and valuable skill set to the world of real estate sales. When a client hires the Broad Branch Group to represent them on the sale or purchase of property, that client gets much more than a real estate agent.

Given that Broad Branch specializes in strategic acquisitions, with an ability to identify and unlock potential where others may not see it, the Broad Branch Group can be of tremendous value too, both, residential and commercial buyers. In such a competitive market, it is important to have a competitive edge, and that is certainly something that the Broad Branch Group brings to the table in representing buyers.

Broad Branch’s unique ability to identify a property’s untapped potential can also be very beneficial to sellers, as Broad Branch does an excellent job of demonstrating that potential to the market in a way that allows sellers to extract maximum value when selling their property. Most sellers want to know, with a high level of confidence, that they’re not leaving any money on the table when selling their property, and that is exactly what a seller gets when hiring the Broad Branch Group.

Broad Branch’s portfolio of past transactions contains a number of great examples of how their skill set can be tremendously valuable to buyers and sellers. One such example on the commercial side is 8 P St NE in Washington, DC. This was a small industrial property that had been unsuccessfully listed for $1.5M. A year later, Broad Branch put this property under contract for $1,575,000, as they saw value where others could not. Broad Branch not only saw the property’s potential to be redeveloped into a high-rise multi-family building on its own, but they also saw how the property could be of even more value as part of a larger development through assemblage with an adjacent property. Broad Branch spent approximately $40,000 putting together preliminary plans for both scenarios, which enabled them to successfully demonstrate the property’s untapped and previously overlooked value to the market. As a result, Broad Branch fielded multiple offers in the $2M range, and ultimately negotiated a sale to the adjacent property owner for $2.25M. In summary, Broad Branch took a property that nobody wanted for $1.5M, and sold it to an adjacent property owner for $2.25M, and this was all possible because Broad Branch saw value and potential where others could not. Broad Branch understood how, and to whom, this property could be of the most value, and they successfully demonstrated that value to that particular buyer, creating a $675,000 windfall from a $40,000 investment. It goes without saying that, either, the buyer or the seller, would have benefited greatly if they had been represented by the Broad Branch Group in this transaction. The buyer would have saved $675,000, and the seller would have been advised to spend the $40,000 that would have yielded them an extra $675,000 in the sale of their property.

A great example on the residential side is 3100 35th St NW in Washington, DC. This historic house was in extreme disrepair and was essentially unlivable. When considering the cost involved in fully renovating this house, it was hard for anyone to see how it could be a good investment at an acquisition cost of $2M, but, to Broad Branch, it was undervalued at that price, so they put it under contract. Broad Branch believed that this house could have a post-renovation value of $5M+. Others in the market doubted their assertion for a number of reasons, including the fact that the house was too small and that it had no backyard, which was both valid points. Broad Branch nonetheless proceeded, as their vision for the house included a rear addition, and a reorientation of the interior layout and exterior landscaping, allowing for what was a very large side yard to essentially function as the house’s backyard and primary outdoor space. Broad Branch spent approximately $50,000 on the architectural concept and preliminary approval of the rear addition. This enabled Broad Branch to successfully demonstrate the property’s untapped and overlooked value to the market. As a result, Broad Branch fielded multiple offers, and ultimately negotiated a sale of the property to Coba Development for $2.25M. Coba went on to renovate the house and ultimately sold it for $5,150,000, validating Broad Branch’s belief that, per their vision for the renovation, the house’s post-renovation value would be $5M+. And, it again goes without saying that, either, the buyer or the seller, would have benefited greatly if they had been represented by the Broad Branch Group in this transaction. The buyer would have saved $250,000, and the seller would have been advised to spend the $50,000 that would have yielded them an extra $250,000 in the sale of their property.