615 Kennedy St NW | Washington, DC 20011
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- LoopNet Team
615 Kennedy St NW
Washington, DC 20011
New Construction Luxury Condo Building · Multifamily Property For Sale
·
8 Units
INVESTMENT HIGHLIGHTS
- TOPA Free New Construction Multifamily Building Within Walking Distance to the Fort Totten Metro .
- Condo-Level Luxury Finishes Including Granite Countertops, Stainless Steel Appliances, Custom Hardwood Flooring, and High-End Appliances.
- The Kennedy Street Corridor is one of the Most Robust Commercial Strips in Washington D.C. with a Multitude of Large Scale Redevelopment Projects.
- Six Bi-Level Condo Units Including Two Penthouse Units with Access to the Rooftop Deck.
- Proforma Cap Rate of 6.64% After Filling These Vacant Units.
- This Property sits in an Opportunity Zone which can Yield Significant Tax Benefits Under this Federal Program.
PROPERTY FACTS
| No. Units | 8 | Building Size | 9,931 SF |
| Property Type | Multifamily | Average Occupancy | 0% |
| Property Subtype | Apartment | No. Stories | 5 |
| Apartment Style | Mid-Rise | Year Built | 2024 |
| Building Class | C | Parking Ratio | 0.2/1,000 SF |
| Lot Size | 0.23 AC | ||
| Zoning | MU-4 - Permit moderate-density mixed-use development. | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 9,931 SF |
| Average Occupancy | 0% |
| No. Stories | 5 |
| Year Built | 2024 |
| Parking Ratio | 0.2/1,000 SF |
| Zoning | MU-4 - Permit moderate-density mixed-use development. |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | $1,888 | 536 - 650 |
| 2+2 | 4 | $2,850 | 1,085 |
| 3+2.5 | 1 | $3,700 | 1,350 |
| 3+3 | 1 | $3,850 | 1,400 |
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