912 Kennedy Street NW
Washington, D.C. 20011
The Offering
Summary
- List Price $875,000
- Product Type Multifamily Development
- Proposed GBA 12,167 SF
- Price Per Entitled FAR SF $71.91
- Number of Proposed Units 14
- Proposed Unit Mix 4 - Jr 1BR/1BA, 4 - 1BR/1BA, 1 - 1BR+Den/1BA, 2 - 2BR/1BA, 1 - 2BR/1.5BA, 1 - 2BR/2BA, 1 - 2BR/2.5BA
- Proposed IZ Units 2
- Proposed IZ Unit Type 2 - 2BR/1BA
Investment Summary
Feldman Ruel is pleased to offer for sale 912 Kennedy Street NW, a 14-unit multifamily development site located in an Opportunity Zone. At closing, ownership will convey all approved plans and permits, allowing the purchaser to start construction immediately.
Investment Highlights
• Shovel Ready at Closing | Eliminates Entitlement Risks & Mitigates Carrying Costs
• 14 Proposed Units | 9 One-Bedroom Units & 5 Two-Bedroom Units
• High-Demand Condominium Market | Recent Outsales Exceeding $500 per SF
• Located in an Opportunity Zone which Offers Tax Benefits to Developers of Ground-Up Projects
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