One-Bedroom Condominium with Rooftop
For Sale
$429,995
437 NEW YORK AVENUE NW Unit 324, Washington, DC 20001
An open-plan home pairs hardwood floors and stainless steel appliances with in-unit laundry in a full-service building.
Property Size785 SF
Price / SF$547.76
Days on Market84
Property Features for 437 NEW YORK AVENUE NW Unit 324
General Information
Standard status
Active
Size
785 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Mount Vernon Triangle
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,155
Amenities
fitness center
rooftop pool
billiards lounge
concierge service
Building Details
Building Size
785 SF
Year Built
2008
Listing Agency:
Fairfax Realty of Tysons
Listed By:
Vikas K Goel · License #SP98366826
(703) 975-2485
Source:
Jackrealtygroup
Added: Aug 8
Changed: Oct 27
Last Checked: Oct 26 at 3:08PM
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 Fairfax Realty of Tysons
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Investment Insights
Based on property information with market context.
This 785-square-foot condominium at 437 New York Avenue NW has one bedroom and one bathroom. The open layout connects the kitchen, dining, and living areas, while southern and western exposures bring natural light through expansive windows. Hardwood floors and high ceilings complement a kitchen with a floating island, breakfast bar, subway tile backsplash, cabinetry, and stainless steel appliances. The bathroom has a walk-in shower, and the unit includes a 2021 HVAC system and washer and dryer.
The building offers a rooftop pool, fitness center, billiards lounge, secure garage parking, and 24-hour concierge service. It is pet-friendly. Safeway, VIDA Fitness, and restaurants are nearby. Yellow and Green Metro lines are a seven-minute walk, and the Red Line is an eleven-minute walk. The property also has access to I-395 and is within reach of Virginia and Reagan National Airport.
The building offers a rooftop pool, fitness center, billiards lounge, secure garage parking, and 24-hour concierge service. It is pet-friendly. Safeway, VIDA Fitness, and restaurants are nearby. Yellow and Green Metro lines are a seven-minute walk, and the Red Line is an eleven-minute walk. The property also has access to I-395 and is within reach of Virginia and Reagan National Airport.
Key Highlights
- 785‑square‑foot, one‑bedroom, one‑bath condominium
- Open living, dining, and kitchen arrangement with hardwood floors and high ceilings
- Kitchen includes a floating island, breakfast bar, subway tile backsplash, and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,043
Cap Rate
3.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$260,860
$260.9K
Cap Rate 7%
$186,329
$186.3K
Cap Rate 9%
$144,922
$144.9K
Market Conditions
NOI Build-Up for 785 SF
Gross rent
$25.0K $31.80/SF
− Vacancy
−$1.2K −$1.59/SF
EGI
$23.7K $30.21/SF
− OpEx
−$10.7K −$13.59/SF
NOI
$13.0K $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%
$260,860
Cap Rate 7%
$186,329
Cap Rate 9%
$144,922
Alternative Uses
Best Use
Apartment 5plus
$186.3K
$163.0K – $217.4K
NOI $13,043 @ 7.0% cap · market cap 3.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$403.8K
$353.3K – $471.1K
NOI $28,265 @ 7.0% cap · market cap 6.57%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
9,313
Businesses Nearby
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Business Placement
Demographics for 20001, DC
49,040
Population
26,728
Households
1.8
Avg Household Size
32
Median Age
78%
College-Educated
95%
High-School Grad
2.0 sq mi
ZIP Area
24,520
Density / Sq Mi
$138,730
Median Household Income
$94,675
Median Earnings
$2,464
Median Rent
$844,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - An open-plan home pairs hardwood floors and stainless steel appliances with in-unit laundry in a full-service building.
Where is this residential income property located?
The property is located at 437 NEW YORK AVENUE NW Unit 324 Washington, DC.
What is the asking price?
The asking price for this property is $429,995.
What are key features of this property?
This property features: 785‑square‑foot, one‑bedroom, one‑bath condominium; Open living, dining, and kitchen arrangement with hardwood floors and high ceilings; Kitchen includes a floating island, breakfast bar, subway tile backsplash, and stainless steel appliances
