Core Multifamily Property for Sale in NW DC

5408 First Place NW Washington, DC 20011

5408 First Place NW, Washington, DC, 20011
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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
Please Call Broker for Price

Last Verified:
Jul 23, 2024

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Description

ONE Street Commercial Properties is pleased to present this opportunity to own 5408 First Place NW, a newly developed 24 unit property nestled between Brightwood and Manor Park.

The property went through a gut renovation, and was delivered in 2021. The building consists of 24 high end apartments with condo finishes including top of the line brand new stainless steal appliances, in unit washer and dryers, and more!

5408 First Place NW is ideally located a block away from the intersection of Missouri and New Hampshire Avenues with access to downtown DC in a matter of minutes. The property sits only blocks away from DC Schools, parks, and much more offering a suburban life with the amenities of a metropolitan city.


Year Built: 1938
Building Size: 19887sq ft
Lot Size: 0.24 acres


Documents

Offering Memorandum

Map of 5408 First Place NW, Washington, DC, 20011

Presented by:
ONE Street Commercial Properties

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Kevin Brandes


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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.