Property

Washington, DC 20001 1335 11Th St NW

Presented By: TTR Sotheby's International Realty
  • MLS# DCDC2139392
  • 05/01/2024
  • Request Tour
  • Request Info
  • Beds • 42

Home Details

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.
Presented By: TTR Sotheby's International Realty

Interior Features for 1335 11Th St NW

Bedrooms

Three Bedroom Units Count4

Other Interior Features

LivingAreaSourceEstimated
BasementDaylight, Full, Windows, Walkout Stairs
Basement (Y/N)Yes
Central Air Y/NYes
Fireplace Y/NNo
FlooringHardwood
Heating FuelElectric
Heating Y/NYes
Hot WaterElectric
Number of Elevators4
Total Stories5

General for 1335 11Th St NW

Acceptable FinancingConventional, Cash
AccessibilityNone
AppliancesBuilt-In Microwave, Built-In Range, Dishwasher, Disposal, Dryer, Freezer, Icemaker, Intercom, Microwave, Refrigerator, Stove, Surface Unit, Washer, Trash Compactor, Water Heater
Architectural StyleContemporary
Association Recreation FeeN
Buyer Agent Compensation3
Buyer Agent Compensation Type% Of Gross
CityWASHINGTON
Construction Completed Y/NNo
Construction MaterialsBrick
Cool FuelElectric
CoolingCentral A/C
CountyWASHINGTON
Days on Market65
DirectionsO St NW and 11 St NW. Adjacent to Nina May Restaurant
Garage Y/NNo
HeatingForced Air, Central
Historic Y/NYes
Home Warranty Y/NNo
Interior FeaturesCombination Dining/Living, Combination Kitchen/Dining, Crown Moldings, Dining Area, Family Room Off Kitchen, Floor Plan - Open, Kitchen - Gourmet, Sound System, Wet/Dry Bar
Legal SubdivisionOld City 2
Lot Size Square Feet7180.00
Lot Size UnitsSquare Feet
ModificationTimestamp2024-06-08T12:52:13
New ConstructionYes
NumberOfUnitsTotal1
One Bedroom Units Count6
Other StructuresAbove Grade, Below Grade
Percent OwnershipFee Simple
PossessionSettlement, Negotiable
Price Per Sq Ft Total AG723.1
Property ConditionExcellent
Property SubTypeOther
Property TypeMulti-Family
School DistrictDISTRICT OF COLUMBIA PUBLIC SCHOOLS
Security FeaturesExterior Cameras, Carbon Monoxide Detector(s), Fire Detection System, Intercom, Main Entrance Lock, Security System, Smoke Detector, Sprinkler System - Indoor
SewerPublic Sewer
Single Room Units Count0
Standard StatusActive
StatusACTIVE
Structure TypeInterior Row/Townhouse
Subdivision NameLOGAN CIRCLE
Tax Annual Amount59356.0
Tax Assessed Value3597310.0
Tax Lot39
Tax Year2023
Total SQFT34807
TransportationAirport less than 10 miles, Bus Stop less than 1 mile, Metro/Subway Station less than 1 mile
Two Bedroom12
UtilitiesSewer Available, Water Available, Electric Available, Natural Gas Available
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built2024
Year Built SourceEstimated
ZoningMU-4

Exterior for 1335 11Th St NW

# of Assigned Spaces4
Foundation DetailsConcrete Perimeter
Land Assessed Value2653440.00
Land Use Code
Lot Size Acres0.16
Lot Size SourceAssessor
Navigable Water Y/NNo
Parking FeaturesAssigned
Parking Lot - # of Spaces4
PoolNo Pool
Soil TypesUrban Land-Sassafras-Chillum
Total Parking Spaces4
Type of ParkingParking Lot
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Karina Gil

Associate
Price $21,500,000
MLS#DCDC2139392
List Date 05/01/2024
Property Type Multi-Family
Request Tour
Request Info
Visit My Website

Similar Properties to 1335 11Th St NW

Get Pre-approved