Capitol Hill Tower Co-op
For Sale
$299,000
Pending
1000 NEW JERSEY AVENUE SE Unit 615, Washington, DC 20003
Updated unit in a full-service cooperative building with concierge service, recreation amenities, and outdoor spaces.
Property Size696 SF
Days on Market207
Property Features for 1000 NEW JERSEY AVENUE SE Unit 615
General Information
Standard status
Pending
Size
696 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$1,029,655
Building Details
Building Size
696 SF
Year Built
2006
Listing Agency:
Compass
Listed By:
Meredith L Margolis · License #SP98364521
(202) 607-5877
Source:
Kwcapitalproperties
Added: Mar 27
Changed: Oct 17
Last Checked: Oct 16 at 2:48PM
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 Compass
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Unit 615 at Capitol Hill Tower is a cooperative residential income property completed in 2006. The residence includes an updated bathroom and new appliances. Building services and amenities include 24/7 concierge coverage, an indoor pool, fitness center, community room, and outdoor areas. The monthly cooperative fee includes property taxes, most utilities, and building amenities.
The property is located at 1000 New Jersey Avenue SE in Washington, DC. Capitol Hill Tower is one block from Metro and Whole Foods, with Yards Park, Harris Teeter, Vida, restaurants, and bars within two blocks. The building also permits pets and has rental guidelines for owners considering leasing the unit.
The property is located at 1000 New Jersey Avenue SE in Washington, DC. Capitol Hill Tower is one block from Metro and Whole Foods, with Yards Park, Harris Teeter, Vida, restaurants, and bars within two blocks. The building also permits pets and has rental guidelines for owners considering leasing the unit.
Key Highlights
- Unit 615 in Capitol Hill Tower, a 2006 cooperative residential building
- Updated bathroom and new appliances
- 24/7 concierge, indoor pool, fitness center, and community room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,564
Cap Rate
3.87%
Suggested Prices Based on Cap Rates
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
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 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 3.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$358.0K
$313.3K – $417.7K
NOI $25,060 @ 7.0% cap · market cap 8.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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
Frequently Asked Questions
What type of property is this?
Residential income property - Updated unit in a full-service cooperative building with concierge service, recreation amenities, and outdoor spaces.
Where is this residential income property located?
The property is located at 1000 NEW JERSEY AVENUE SE Unit 615 Washington, DC.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Unit 615 in Capitol Hill Tower, a 2006 cooperative residential building; Updated bathroom and new appliances; 24/7 concierge, indoor pool, fitness center, and community room
