2373 Rhode Island Avenue NE
Washington, D.C. 20018
The Offering
Summary
- List Price $2,800,000
- Proposed Units 40
- Proposed IZ Units 4
- Product Type Multifamily Development
- Lot Size 9,945 SF
- Proposed Gross Building Area 38,319 SF
- Proposed Rentable/Sellable Area 27,794 SF
Investment Summary
Feldman Ruel is pleased to exclusively offer for sale 2373 Rhode Island Avenue NE, a 40-unit multifamily development site located in the Woodridge neighborhood of Washington, D.C. At closing, the site will convey with a full set of DOB-approved plans and all permits required to break ground immediately after closing.
Investment Highlights
• Conveys with Plans & Permits to Build 40 Multifamily Units
• Mix of Jr. 1BR, 1BR, 1BR+Den, 2BR, and 2BR+Den Units
• 27,794 Square Feet of Sellable Area Across 6 Levels
• Over $16M Projected Condominium Outsales According to Urban Pace
• Approximately 5,500 Multifamily Units Under Construction or Planned within a 1-Mile Radius
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