Corner Co-op
New
For Sale
$635,000
1000 NEW JERSEY AVENUE SE Unit 1116, Washington, DC 20003
An updated home pairs floor-to-ceiling windows with building amenities and nearby Metro access.
Property Size1,112 SF
Price / SF$571.04
Days on Market7
Property Features for 1000 NEW JERSEY AVENUE SE Unit 1116
General Information
Standard status
Active
Size
1,112 SF
Property subtype
Unit/Flat/Apartment
Financials
Asking Price
$635,000
HOA Fee
$880
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,136
Amenities
24-hour concierge
fitness center
indoor pool & spa
resident lounge
club room
landscaped courtyard
gas grills
dining/seating areas
Starbucks coffee bar
Building Details
Building Size
1,112 SF
Year Built
2006
Listing Agency:
Compass
Listed By:
Christopher M Coppola · License #SP98369956
(781) 696-8130
Source:
Kerishull
Added: Sep 30
Changed: Oct 3
Last Checked: Oct 6 at 12:08AM
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
Investment Insights
Based on property information with market context.
This 11th-floor corner co-op has an open living area, 10'+ ceilings, floor-to-ceiling windows, and new flooring throughout. The kitchen includes a gas range, stainless appliances, and updated quartz countertops. A built-in desk area offers an additional workspace, and the home also features a walk-in closet, updated lighting, and fresh paint. East-facing windows look toward Canal Park, with city views from the kitchen and living space.
Building amenities include a 24-hour concierge, fitness center, indoor pool and spa, resident lounge, club room, and landscaped courtyard with a water feature, grills, and dining areas. A complimentary Starbucks coffee bar is also on site. Hallways and common areas have recently been renovated.
Metro and Whole Foods are one block away. Yards Park, Harris Teeter, Vida, and restaurants and bars are two blocks away. The co-op has no rental restrictions, and rental parking is available.
Building amenities include a 24-hour concierge, fitness center, indoor pool and spa, resident lounge, club room, and landscaped courtyard with a water feature, grills, and dining areas. A complimentary Starbucks coffee bar is also on site. Hallways and common areas have recently been renovated.
Metro and Whole Foods are one block away. Yards Park, Harris Teeter, Vida, and restaurants and bars are two blocks away. The co-op has no rental restrictions, and rental parking is available.
Key Highlights
- 11th‑floor corner residence with east‑facing windows overlooking Canal Park
- 10'+ ceilings and floor‑to‑ceiling windows
- Updated kitchen with gas range, stainless appliances, and quartz countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,476
Cap Rate
2.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$369,520
$369.5K
Cap Rate 7%
$263,943
$263.9K
Cap Rate 9%
$205,289
$205.3K
Market Conditions
NOI Build-Up for 1,112 SF
Gross rent
$35.4K $31.80/SF
− Vacancy
−$1.8K −$1.59/SF
EGI
$33.6K $30.21/SF
− OpEx
−$15.1K −$13.59/SF
NOI
$18.5K $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%
$369,520
Cap Rate 7%
$263,943
Cap Rate 9%
$205,289
Alternative Uses
Best Use
Apartment 5plus
$263.9K
$231.0K – $307.9K
NOI $18,476 @ 7.0% cap · market cap 2.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$572.0K
$500.5K – $667.3K
NOI $40,038 @ 7.0% cap · market cap 6.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
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 - An updated home pairs floor-to-ceiling windows with building amenities and nearby Metro access.
Where is this residential income property located?
The property is located at 1000 NEW JERSEY AVENUE SE Unit 1116 Washington, DC.
What is the asking price?
The asking price for this property is $635,000.
What are key features of this property?
This property features: 11th‑floor corner residence with east‑facing windows overlooking Canal Park; 10'+ ceilings and floor‑to‑ceiling windows; Updated kitchen with gas range, stainless appliances, and quartz countertops
