1335 11TH ST NW, Washington, DC 20001 - MLS#DCDC2139392

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Adam Ferst

[email protected] +1(202) 421-5500

$21,500,000

Est. payment - /mo

34,807 SqFt

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UPDATED:

08/14/2024 11:25 AM

Key Details

Property Type Multi-Family, Townhouse

Sub Type Interior Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 34,807 sqft

Price per Sqft $617

Subdivision Logan Circle

MLS Listing ID DCDC2139392

Style Contemporary

Abv Grd Liv Area 29,733

Originating Board BRIGHT

Year Built 2024

Annual Tax Amount $59,356

Tax Year 2023

Lot Size 7,180 Sqft

Acres 0.16

Property Description

EXCLUSIVE INVESTMENT OPPORTUNITY: THE MAYFAIR RESIDENCES AT LOGAN CIRCLE ++ We are excited to unveil a stellar investment opportunity in the multifamily asset class: The Mayfair Residences at 1335 11th Street NW, Washington, DC. Offered at $21,500,000 with a projected delivery in late Summer 2024, this exclusive offering encompasses the entire property, comprising 22 high-end units, totaling 29,733 square feet in one of Washington, DC's most sought-after neighborhoods. INVESTMENT OVERVIEW: The Mayfair Residences provide a unique chance to acquire a complete multifamily complex, brand new, with no existing leases and exempt from the Tenant Opportunity to Purchase Act (TOPA), facilitating straightforward management and significant investment potential. This property is poised to cater to the upscale rental market, offering elegance and sophistication in a prime urban location. INVESTMENT HIGHLIGHTS: FULL OWNERSHIP: Control the entire property with 22 high-end units totaling 29,733 sq ft. -- EXCLUSIVITY: No existing leases, complete exemption from TOPA, allowing for smooth management and exceptional investment flexibility. -- PRIME LOCATION: Situated in a highly desirable area known for its constant demand from affluent professionals. -- LUXURY DESIGN: Inspired by the opulent Mayfair district in London, ensuring attraction and retention of high-end tenants. INVESTMENT BENEFITS: IMMEDIATE REVENUE: Start generating income as soon as you acquire the property. -- VALUE APPRECIATION: Invest in an area known for its long-term growth in both popularity and property value. -- TAX INCENTIVES: Benefit from potential tax advantages through property depreciation and other investment deductions. INTERIOR AND DESIGN FEATURES: INTERIORS BY BOXWOOD: A homage to affluence and artistry with luxurious materials and bespoke details. -- CUSTOM FEATURES: Kitchens with Forno appliances, Character Grade White Oak Hardwood flooring, substantial crown and base moldings, high-quality Anderson windows, and solid core doors. -- ADVANCED HOME TECHNOLOGY: Includes surround sound systems, smart home hubs, video doorbell cameras, and more. -- PENTHOUSES: Featuring private roof decks, additional dens, direct private elevator access, and reserved parking spaces. YOUR INVITATION TO LUXURY LIVING: The Mayfair Residences invite you to be part of an address as unique as it is timeless. For a private tour and to experience firsthand the remarkable craftsmanship and visionary design, please reach out to our team. We believe The Mayfair Residences represent a strategic, lucrative asset that complements the sophisticated investment portfolio. This opportunity is not just an investment in real estate but a stake in a lifestyle sought after by many yet available to only a few. We invite you to delve deeper into this investment opportunity and consider the benefits it holds for your portfolio. We look forward to discussing this exclusive offering with you and exploring the possibilities it unfolds for wealth generation.

Location

State DC

County Washington

Zoning MU-4

Rooms

Basement Daylight, Full, Windows, Walkout Stairs

Interior

Interior Features Combination Dining/Living, Combination Kitchen/Dining, Crown Moldings, Dining Area, Family Room Off Kitchen, Floor Plan - Open, Kitchen - Gourmet, Sound System, Wet/Dry Bar

Hot Water Electric

Heating Forced Air, Central

Cooling Central A/C

Flooring Hardwood

Equipment Built-In Microwave, Built-In Range, Dishwasher, Disposal, Dryer, Freezer, Icemaker, Intercom, Microwave, Refrigerator, Stove, Surface Unit, Washer, Trash Compactor, Water Heater

Fireplace N

Appliance Built-In Microwave, Built-In Range, Dishwasher, Disposal, Dryer, Freezer, Icemaker, Intercom, Microwave, Refrigerator, Stove, Surface Unit, Washer, Trash Compactor, Water Heater

Heat Source Electric

Exterior

Garage Spaces 4.0

Parking On Site 4

Utilities Available Sewer Available, Water Available, Electric Available, Natural Gas Available

Waterfront N

Water Access N

Accessibility None

Total Parking Spaces 4

Garage N

Building

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Architectural Style Contemporary

Additional Building Above Grade, Below Grade

Structure Type 9'+ Ceilings

New Construction Y

Schools

School District District Of Columbia Public Schools

Others

Tax ID 0339//0039

Ownership Fee Simple

SqFt Source Assessor

Security Features Exterior Cameras,Carbon Monoxide Detector(s),Fire Detection System,Intercom,Main Entrance Lock,Security System,Smoke Detector,Sprinkler System - Indoor

Acceptable Financing Conventional, Cash

Listing Terms Conventional, Cash

Financing Conventional,Cash

Special Listing Condition Standard

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Listed by Kimberly A. Casey • TTR Sotheby's International Realty

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Adam Ferst

+1(202) 421-5500

Agent | RSRS325119

Agent RSRS325119

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