1919 Benning Road NE
Washington, D.C. 20002
The Offering
Summary
- List Price $875,000
- Proposed GBA 11,216 SF
- Proposed Units 10
- Proposed Rentable/Sellable Area 9,061 SF
- Zoning MU-5A
- FAR 4.2 + Penthouse
- Proposed Levels 5 + Cellar & Penthouse
- Unit Mix 1 - 2BR/1BA; 6 - 2BR/2BA; 3 - 2BR/2.5BA
- # of IZ Units 0
- Lot Size 2,160 SF
- Amenities Outdoor Space, 2 Surface Parking Spaces
Investment Summary
Feldman Ruel is pleased to present 1919 Benning Road NE, a fully-permitted development site located in the burgeoning Kingman Park neighborhood of Washington, D.C. This 10-unit development site is a truly shovel-ready project that allows a buyer to break ground immediately after closing, thereby mitigating carrying costs and avoiding the Washington, D.C. notoriously cumbersome entitlement process.
Investment Highlights
• Truly Shovel-Ready 10-Unit Multifamily Development Project | Conveys with Building Permit
• All 2-Bedroom Units with Outdoor Spaces | Amenities Include On-Site Parking
• No IZ Units Required Allowing for Maximum Outsale or Rental Proceeds
• Conveniently Located within One Block of Multiple Metrobus & DC Streetcar Stops
• 3,043 Multifamily Units and 88,600 Square Feet of Retail Either Proposed or Under Construction in a 1-Mile Radius
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