Congress Place in Washington

Name: 📣 300$ — discount certificate
Start: 2020-09-08T11:22:20.281384+00:00
End: 2023-12-31T23:59:59+0000
Location: Congress Place

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Construction

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Project info

Object ID: 9143

Finished at	December 2020
Price, m²	From 400000$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Floors	8
Apartments	62
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket Nearby subway stations NoMa – Gallaudet U 1 min Union Station 5 min Capitol/South 5 min Capitol South 5 min Navy Yard 7 min Rhode Island 8 min Eastern Market 9 min Brookland–CUA 11 min Fort Totten 11 min Anacostia 13 min Federal/Center SW 15 min Federal Center SW 15 min Judiciary Square 16 min Waterfront 18 min Potomac Avenue 20 min L'Enfant Plaza 21 min L'Enfant/Plaza 21 min Mount Vernon Square 21 min Mount Vernon/Square 21 min
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Return on investment for apartment

with price

8,103$

Rental income

1,103$

Management

689$

Utilities

405$

5% Income tax

5,906$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	32%	10	25$	250$
February	28	35%	10	25$	250$
March	31	25%	8	27$	216$
April	30	26%	8	35$	280$
May	31	51%	16	35$	560$
June	30	80%	24	38$	912$
July	31	87%	27	55$	1485$
August	31	87%	27	70$	1890$
September	30	66%	20	45$	900$
October	31	64%	20	35$	700$
November	30	40%	12	25$	300$
December	31	38%	12	30$	360$
Total	365		194		8103$
Average		52%		37$

Total invested

12,000,000$

Net profit

5,906$

Payback period

1480.9 years

Avg property value increase per year

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About the project

J Street announced in early 2018 the acquisition of two adjacent properties at Congress and L Streets, NE in the dynamic NoMa/Union Market neighborhood of Washington, DC. The Congress Street development will offer a rare chance for condominium ownership at prices in reach of many first-time homeowners in the NoMa/Union Market neighborhood. The development will include both on- and off-site condominium units for households earning less than median income.

Working with Nelson Architects, J Street will develop the site into 62 condominium units. Sited between NoMa, Union Market and H Street, residents will be able to walk, bike or Metro to destinations all over the City including evening movies in NoMa, the H Street streetcar, events and culinary attractions at Union Market and the brand-new REI at Uline Arena. Congress Street complements J Street's work in NoMa over the past 15 years, where the firm already acquired, developed and sold over five acres within the NoMa and Florida Market submarkets.

Developer

The J Street Companies offers expertise in real estate services, including commercial and residential property management, project managemen…
Details about J Street Companies