1515 9th Street NW
Washington, D.C. 20001
The Offering
Summary
- List Price $7,750,000
- Product Type Multifamily Development
- Proposed Units 40
- Proposed GBA 41,365 SF
- Zoning MU-5B
- Lot Size 8,057 SF
- Proposed Rentable/Sellable SF 31,784 SF
- Proposed Levels 6 + Cellar + Penthouse
Investment Summary
Feldman Ruel is pleased to offer the opportunity to acquire 1515 9th Street NW, an 8,057-square-foot development site situated directly between the Mt. Vernon Square and Shaw-Howard Metro Stations. Ownership has secured Map Amendment and HPRB conceptual design approval for a 40-unit multifamily building spanning eight levels. The project can be delivered as-is, allowing a new ownership group to modify the existing set of plans, or the site can be delivered fully-permitted to streamline the development process and to avoid costly delays in obtaining the necessary approvals and entitlements.
Investment Highlights
• Diverse Unit Mix Consisting of Studios, 1BR, 2BR, & 3BR Units
• 6 Levels + Cellar & Penthouse | 31,784 Sellable SF
• Architectural Plans Designed by Square 134 Architects
• Robust Condominium Market with Recent Outsales Above $900 Per SF
• MU-5B Zoning | Allows for Multifamily, Retail, Office, & Lodging Uses
• 1,500+ Multifamily Units & 31,000 SF of Retail Proposed or Under Construction within 0.5 Miles
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