New Construction
Listed By:
TTR Sotheby's International Realty
Address
1335 11Th St NW, Washington, DC
Price
$ 21,500,000
Property Attributes
  • MLS#DCDC2139392
  • TypeMulti-Family
  • CountyWASHINGTON
  • CityWashington
  • NeighborhoodLogan Circle
  • Zip20001
  • StyleContemporary
  • Year Built2024
  • Taxes$ 57981
  • Price$ 21,500,000
  • Bedrooms42
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size6,970 SqFt
Data Source:
Bright MLS
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.

Price History
5/2/2024 Listed $21,500,000

General Features

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
Sewer Public Sewer
Heating Forced Air,Central
Cooling Central A/C
Utilities Sewer Available,Water Available,Electric Available,Natural Gas Available
Possession Settlement,Negotiable
Appliances Built-In Microwave,Built-In Range,Dishwasher,Disposal,Dryer,Freezer,Icemaker,Intercom,Microwave,Refrigerator,Stove,Surface Unit,Washer,Trash Compactor,Water Heater
Zoning MU-4
Pool Y/N No Pool
Architectural Style Contemporary
Security Features Exterior Cameras,Carbon Monoxide Detector(s),Fire Detection System,Intercom,Main Entrance Lock,Security System,Smoke Detector,Sprinkler System - Indoor
Construction Materials Brick
Year Built 2024
Property SubType Other
Tax Year 2022
Percent Ownership Fee Simple
Cool Fuel Electric
Accessibility None
County WASHINGTON
New Construction Yes
Property Type Multi-Family
Subdivision Name LOGAN CIRCLE
Garage Y/N No
Water Access Y/N No
Other Structures Above Grade,Below Grade
Transportation Airport less than 10 miles,Bus Stop less than 1 mile,Metro/Subway Station less than 1 mile
Status ACTIVE
Directions O St NW and 11 St NW. Adjacent to Nina May Restaurant
ModificationTimestamp 2024-05-01T12:15:19
City WASHINGTON
Buyer Agent Compensation 3
Total Units 4
Lot Size Square Feet 7180.00
Tax Assessed Value 3597310.0
Waterfront Y/N No
Street Name 11TH ST
Tax Annual Amount 57981.0
Home Warranty Y/N No
Property Condition Excellent
Two Bedroom 12
Structure Type Interior Row/Townhouse
One Bedroom Units Count 6
Price Per Sq Ft 723.1
Acceptable Financing Conventional,Cash
Construction Completed Y/N No
Historic Y/N Yes
Vacation Rental Y/N No
Total SQFT 34807
Days on Market 1
Standard Status Active
Year Built Source Estimated
Legal Subdivision Old City 2
Tax Lot 39
Buyer Agent Compensation Type % Of Gross
Association Recreation Fee No

Interior Features

Heating Fuel Electric
Basement Daylight,Full,Windows,Walkout Stairs
Flooring Hardwood
Hot Water Electric
Total Stories 5
Basement (Y/N) Yes
Heating Y/N Yes
Fireplace Y/N No
Central Air Y/N Yes
LivingAreaSource Estimated
Three Bedroom Units Count 4
Number of Elevators 4

Exterior Features

Parking Features Assigned
Water Source Public
Total Parking Spaces 4
Type of Parking Parking Lot
Foundation Details Concrete Perimeter
Water View Y/N No
# of Assigned Spaces 4
Lot Size Acres 0.16
Lot Size Units Square Feet
Lot Size Source Assessor
Soil Types Urban Land-Sassafras-Chillum
Land Assessed Value 2653440.00
Navigable Water Y/N No
Water Oriented Y/N No
Parking Lot - # of Spaces 4

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 20001

Price
AVG $3.1M
$21.5M
Taxes
AVG $13,006
$57,981
Visits
AVG 279
310
Data Provided by Inside Real Estate®
Year Built
AVG 1928
2024

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