Feldman Ruel handles sale Hyattsville, Maryland’s historic Masonic Lodge

1031 exchange funds off-market transaction

Hyattsville, MD — Feldman Ruel announced the sale of 4207 Gallatin St. and 4210 Farragut St., Hyattsville. The property, a historic Romanesque Revival-style Masonic Lodge paired with a separate parking lot parcel, sold for $1.339 million in an off-market transaction.

The sellers, Mount Hermon Lodge #179, built the Masonic Lodge in 1893, marking 131 years of ownership. A cornerstone of Hyattsville’s history, the Lodge served as a hub for community events ranging from banquets to political rallies. However, like many fraternal organizations nationwide, Mount Hermon Lodge #179 has seen its membership decline in recent years, prompting the decision to sell the property and preserve its legacy.

The purchaser, local developer Kayleigh Kulp, represented by Hannah McCann of Feldman Ruel, has long admired the architectural significance of the Lodge. A Hyattsville resident and proponent of historic preservation, Kulp specializes in adaptive reuse projects and plans to restore the Lodge’s distinctive exterior while converting the interior into a mixed-use property. A historic preservation designation was secured as a condition of the sale, ensuring the building’s character and legacy remain intact.

“This acquisition is a perfect alignment of community-focused development and preservation,” said Hannah McCann, investment associate at Feldman Ruel. “Kayleigh’s commitment to adaptive reuse and local investment ensures this historic property will continue to serve as a meaningful part of Hyattsville’s story.”

The transaction exemplifies problem-solving and collaboration over the course of 17 months, including five months to secure a letter of intent and 275 days from contract to close. Feldman Ruel worked closely with the sellers to address their concerns and craft a tailored offer, including the preservation designation. The extended closing period provided the Lodge members with time to prepare and relocate 131 years of artifacts, while also allowing the buyer to plan for grants and permits, and utilize a 1031 exchange to fund the purchase.