High-Floor Residential Income
For Sale
$325,000
1000 NEW JERSEY AVENUE SE Unit 1113, Washington, DC 20003
One-bedroom corner residence with central air, in-unit laundry, and newer appliances.
Property Size696 SF
Days on Market18
Property Features for 1000 NEW JERSEY AVENUE SE Unit 1113
General Information
Standard status
Active
Size
696 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$1,021,058
Building Details
Building Size
696 SF
Year Built
2006
Listing Agency:
TTR Sotheby's International Realty
(202) 957-3339
Listed By:
IOANNIS KONSTANTOPOULOS · License #SP98375354
(202) 957-3339
Source:
Kwcapitalproperties
Added: Aug 13
Changed: Aug 28
Last Checked: Aug 29 at 2:04PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of TTR Sotheby's International Realty
Investment Insights
Based on property information with market context.
Residence 1113 is an 11th-floor, one-bedroom corner home at Capitol Hill Tower, built in 2006. The interior features warm wood flooring, a contemporary kitchen with newer appliances, central air, in-unit laundry, and an oversized closet with dressing area. Fresh paint and newer systems support immediate occupancy without renovation work. Building amenities include a 24-hour concierge, fitness facilities, an indoor swimming pool and spa, resident lounges, landscaped outdoor areas, and grilling stations.
The property is located at 1000 New Jersey Avenue SE in Washington, DC, with Metro one block away. Yards Park, Nationals Park, the Capitol Riverfront, Capitol Hill, restaurants, coffee shops, shopping, and entertainment are nearby. Cooperative rules require an owner-occupancy period before future rental use may be considered, subject to board rules and approval.
The property is located at 1000 New Jersey Avenue SE in Washington, DC, with Metro one block away. Yards Park, Nationals Park, the Capitol Riverfront, Capitol Hill, restaurants, coffee shops, shopping, and entertainment are nearby. Cooperative rules require an owner-occupancy period before future rental use may be considered, subject to board rules and approval.
Key Highlights
- 11th‑floor corner, one‑bedroom residence at Capitol Hill Tower
- Warm wood flooring, fresh paint, and newer systems
- Contemporary kitchen with newer appliances
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,564
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.56%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$231,280
$231.3K
Cap Rate 7%
$165,200
$165.2K
Cap Rate 9%
$128,489
$128.5K
Market Conditions
NOI Build-Up for 696 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$22.1K $31.80/SF
− Vacancy
−$1.1K −$1.59/SF
EGI
$21.0K $30.21/SF
− OpEx
−$9.5K −$13.59/SF
NOI
$11.6K $16.62/SF
Area
Washington, DC
Vacancy
5.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$231,280
Cap Rate 7%
$165,200
Cap Rate 9%
$128,489
Alternative Uses
Best Use
Apartment 5plus
$165.2K
$144.6K – $192.7K
NOI $11,564 @ 7.0% cap · market cap 3.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$358.0K
$313.3K – $417.7K
NOI $25,060 @ 7.0% cap · market cap 7.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,548
Businesses Nearby
Explore this area
Business Placement
Demographics for 20003, DC
36,501
Population
20,817
Households
1.8
Avg Household Size
35
Median Age
81%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
15,870
Density / Sq Mi
$159,604
Median Household Income
$107,846
Median Earnings
$2,630
Median Rent
$954,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - One-bedroom corner residence with central air, in-unit laundry, and newer appliances.
Where is this residential income property located?
The property is located at 1000 NEW JERSEY AVENUE SE Unit 1113 Washington, DC.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 11th‑floor corner, one‑bedroom residence at Capitol Hill Tower; Warm wood flooring, fresh paint, and newer systems; Contemporary kitchen with newer appliances
