The Arbor at Takoma | 218 Cedar St NW
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The Arbor at Takoma 218 Cedar St NW
40 Unit Block of Flats £10,887,870 (£272,197/Unit) Washington, DC 20012
Investment Highlights
- • Offered Well Below Replacement Cost
- • 24 1BR Units Averaging 560 SF & 12 2BR Units Averaging 868 SF | 4 Retail/Office Units Totaling 8,365 SF
- • Located Only 350 Feet from the Takoma Metro Station
- • Fully Vacant New Construction | Not Subject to TOPA or Rent Control
- • Includes 7 Underground Parking Spaces & Bicycle Storage
- • At a Signalized Intersection Along Takoma’s Main Thoroughfare
Executive Summary
Feldman Ruel is pleased to offer for sale the Arbor at Takoma, a fully vacant, newly constructed mixed-use property comprised of 36 multifamily units above four retail/office units. The subject property is being offered well below replacement cost and is not subject to the Tenant Opportunity to Purchase Act (TOPA) or rent control regulations. The Arbor at Takoma, which is located at 218 Cedar Street NW in the heart of Washington, D.C.'s Takoma neighborhood, is situated at a signalized intersection only 350 feet from the Takoma Metro station, which serves the Red Line. This convenient, family-friendly location provides numerous transit options for those traveling to and from downtown Washington, D.C. or Maryland, however its suburban feel and proximity to adjacent Takoma Park, Maryland offers a unique sense of community not found in more traditionally urban neighborhoods nearby.
Property Facts
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Tile Floors
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Dining Room
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Gas Range
- On-Site Retail
- Bicycle Storage
- Car Charging Station
- Lift
- Sundeck
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 24 | - | - |
| 2+1 | 1 | - | - |
| 2+2 | 11 | - | - |
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Walk Score ®
Walker's Paradise (90)
Transit Score ®
Excellent Transit (75)
Bike Score ®
Very Bikeable (86)
PROPERTY TAXES
| Parcel Number | 3353-0049 | Improvements Assessment | £0 |
| Land Assessment | £1,034,081 | Total Assessment | £1,034,081 |
PROPERTY TAXES
Parcel Number
3353-0049
Land Assessment
£1,034,081
Improvements Assessment
£0
Total Assessment
£1,034,081
zoning
| Zoning Code | NMU-4/TK (Permits moderate-density mixed-use development) |
| NMU-4/TK (Permits moderate-density mixed-use development) |
Contacts
-
Josh Feldman -
Christopher Chadwick -
Ian Ruel -
Hannah McCann -
Feldman Ruel Urban Property Advisors, LLC
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The Arbor at Takoma | 218 Cedar St NW
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