1613 Lincoln Road NE

Washington, D.C. 20002

Offering Memorandum

The Offering

Summary

  • List Price $1,650,000
  • Proposed GBA 4,650 SF
  • Proposed Units 6
  • Proposed Unit Mix 3 - 1BR/1BA + Den, 3 - 2BR/1BA
  • Lot Size 2,223 SF
  • Zoning MU-4

Investment Summary

Feldman Ruel is pleased to offer for sale 1613 Lincoln Road NE, a multifamily project located in the rapidly evolving neighborhood of Eckington in Washington, D.C. As there is an existing building in shell condition, the scope of the project is limited only to an interior renovation, expediting the construction timeline and reducing the risk present in other projects where additional density is being added. Entitlement risk has also been drastically reduced, as ownership has a building permit in-hand which will convey to the purchaser. The project is situated on a corner parcel, providing the new units with plenty of windows and natural light. With a thoughtful mix of 1BR/1BA + Den and 2BR/1BA units, and a rapidly developing surrounding neighborhood, 1613 Lincoln Road NE is an excellent opportunity for a developer looking for a straightforward project with quick turnaround.

Investment Highlights

• Interior Renovation Project | Limited Construction Scope

• Conveys with Building Permit

• 3 1BR/1BA + Den, 3 2BR/1BA Units | No IZ
• Strong Condominium Market | Nearby Projects Achieving $600+ PSF

• Proximate to Public Transportation | Located 0.7 Miles from the NoMa-Gallaudet Metro Station

Listing Agents

Ian Ruel

Ian Ruel

Managing Principal
Direct: (202) 318-6844
Alex Petrov

Alex Petrov

Investment Associate
Direct: (202) 932-5082