700 Quincy Street NE Washington, DC $ 3,491,872
700 Quincy Street NE
$ 3,491,872
New Construction
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700 Quincy Street NE

Washington, DC, 20017
$ 3,491,872
Bedrooms-- Baths-- Sq 12,500

Monthly Estimate*

$ 20,913

700 Quincy Street NE, Washington, DC 20017 - Image 1
700 Quincy Street NE, Washington, DC 20017 - Image 2
700 Quincy Street NE, Washington, DC 20017 - Image 3
700 Quincy Street NE, Washington, DC 20017 - Image 4

Commercial Property for sale in Washington, DC

for $3,491,872. This 12,500 square foot building was built in 2021 on a lot size of 0.17.

* 100% Leased * New constructioncompleted in 2021 * HCVP tenantsguaranteed rent * Short walk to Brookland-CUA Metro Quincy St. Apartments is a new construction (2021), Class-A style 7-unit multifamily building, with washer/dryer in each unit. All tenants participate in the Housing Choice Voucher Program, offering mutual benefits: Tenants can rent in private market, and landlords get guaranteed rent. The new construction means minimal to no deferred maintenance, providing a benefit to investors from a property in excellent condition, increasing its appeal and potential for long-term returns. In addition, the proximity to Catholic University of America campus means a steady supply of students seeking access to walkable housing. The large bedroom count in some of the units would be perfect for a shared-living concept. Before selling, the Landlord must provide the Tenants with an Offer of Sale, regardless of whether a Third Party contract is already in place. Only an incorporated Tenant Organization may exercise the right to purchase a property with 5 or more units. A statement of interest has to be made within 45 days of receipt of the Offer of Sale. Confidential P&L and rent roll available to qualified investors upon signing of confidentiality agreement. See link on page 4 of offering memorandum in documents section.

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Commercial Active

Price

$ 3,491,872

Property Type

Commercial

Taxes

$ 8,328

Style

Apartment Building

Lot Size

0.17

Year Built

2021

Town/City

Washington

County/Region

District of Columbia

MLS | Web ID

DCDC2162536

Features
Interior
Heating Fuel Electric
Hot Water Electric
Total Stories 4
Heating Y/N Y
Central Air Y/N N
Entry Level 1
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General
Sewer Public Sewer
Heating Other
Cooling Other
Possession Settlement
Zoning RA-1
Construction Materials Brick Composition
Year Built 2021
PropertySubType Five Or More Units
Tax Year 2024
FULL Fee Simple
Cool Fuel Electric
Gross Income 328080.00
Business Type Apartment Building
Accessibility Other
County WASHINGTON
Net Operating Income 218242.00
New Construction Y
Property Type Commercial Sale
Water Access Y/N N
Status ACTIVE
Directions From White House 1600 Pennsylvania Avenue NW (4.4 miles):  Take Rhode Island Ave NW to Lincoln Rd NE 16 min (2.5 mi)  Continue on Lincoln Rd NE to Michigan Ave NE 4 min (1.1 mi) Turn right ont
City WASHINGTON
Zoning Description The RA-1 zone is for low- to moderate-density development including detached houses row houses and low-rise apartments.
NumberOfUnitsTotal 7
Lot Size Units Square Feet
Lot Size Square Feet 7557.00
Waterfront Y/N N
Tax Annual Amount 8328.0
Property Condition Excellent
Price Per Sq Ft Total AG 279.35
Construction Completed Y/N Y
Vacation Rental Y/N N
Standard Status Active
Year Built Source Estimated
Legal Subdivision Brookland
Tax Lot 17
Cap Rate 6.25
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Exterior
Water Source Public
Type of Parking On Street
Water View Y/N N
Building Area Total 12500.00
Lot Size Acres 0.17
Lot Size Source Assessor
Soil Types Clay
Land Assessed Value 446920.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 700
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* Excluded Features
List By
Capital Realty Advisors

Broker

geoff@caprealtyadv.com

Email

Affordability Calculator

$21,607
Per Month
97%
3%
0%
Monthly Principal & Interest
$20,913
Monthly Property Taxes
$694
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/3/2024$3,491,872 Listed Price

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700 Quincy Street NE, Washington, DC, 20017 is a Commercial Property for sale at $3,491,872 with 12,500 sqft and a lot size of 0.17. 700 Quincy Street NE was built in 2021. The property's zip code is 20017 which is in Washington, DC