All Units at The Flatiron Now Under Contract

by UrbanTurf Staff

The Flatiron

The eight units at The Flatiron, a boutique condo project that recently delivered in Bloomingdale, are now under contract.

The units were priced in the $200,000s and low $300,000s, and sales, which were handled by Urban Pace, went remarkably fast given that the project officially hit the market just about ten days ago. Earlier this week, Housing Complex reported that half of the units had found buyers.

Bloomingdale is a neighborhood where single-family home renovations have become quite popular in the past couple years as home buyers have leveraged an attractive housing stock that just needed some TLC. However, the area is not known for having many multi-unit condo projects, largely because the building stock and zoning in the neighborhood does not allow for the property type.

The apartment building at 143 Rhode Island Avenue NW (map) that is now The Flatiron had sat vacant for six years prior to developer CAS Riegler turning it into an 8-unit project over the past several months. Working with the Capitol Hill-based PGN Architects, CAS Riegler kept most of the structure of the apartment building intact while giving the interior a “Level 2 renovation”, DCRA-speak for a renovation where no major changes are made to the existing structure or building layout.

“The Flatiron sold so quickly because it offered homes at affordable prices in one of DC’s upcoming neighborhoods,” Urban Pace’s Jeremy Aldridge told UrbanTurf.

This article originally published at http://dc.urbanturf.com/articles/blog/all_units_at_the_flatiron_now_under_contract/3801


  1. Devoe said at 11:12 am on Friday July 15, 2011:

    Wow, that was fast.  Makes me wonder how long it will be before some smart developer turns their attention to the sole remaining ready-made empty condo building in Bloomingdale at NW corner of 2d and Fl. Ave. - hopefully soon.

  1. Mayor Bloomy said at 1:13 pm on Friday July 15, 2011:

    Dang, that was quick.

  1. Rafael said at 1:46 pm on Friday July 15, 2011:

    Just to put things in perspective, I was looking at a unit at this location, was put on the market July 7th, was under contract 4 days later. Gotta ask yourself where else are you going to get a condo in DC for less than $250K (which is is what a couple of them ran for).

  1. Chris on Seaton said at 2:35 pm on Friday July 15, 2011:

    OR how about those abandoned buildings @ 1812-1814 North Capitol Street.  Those would really could provide some great living spaces. Not really sure if there are any other larger buildings available in Bloomingdale.

  1. yet another bloomindale resident said at 9:33 am on Saturday July 16, 2011:

    there is a large building at the intersection of 2nd and Florida nw that is abandoned. i would love to see the one on north capitol renovated! that was truly a hellhole before they boarded it up.

    i’m blown away that the flatiron sold so fast. just amazing. joe mamo should take note.

  1. Kalorini said at 8:44 am on Thursday July 21, 2011:

    I actually went to the open house for these units and the reno on them didn’t seem well done. The model unit already had peeling paint, the black paint job on the outside door to the patio/fire escape was poor, the the air ducts in the living/kitchen space was obnoxious. Even if I could get over the cramped layout, I certainly wasn’t going to shell out $300K for that place. No wonder they were selling for so cheap!

  1. George said at 10:03 pm on Friday July 22, 2011:

    They screwed us surrounding neighbors with those dirt cheap prices?  Who advised them to give them away?  The agent and/or developer are not in tune with market conditions.  Guess I have to keep my place at least two more years.

  1. David said at 6:31 pm on Saturday July 23, 2011:

    Hey George, why not call the same agent and see if they can give your place away too.  What’s worse the agent recommending low prices or developer agreeing.

  1. Jeff said at 9:54 pm on Saturday July 23, 2011:

    Go on vacation one week come back and they are gone.  Super fast.

  1. Dan said at 12:02 pm on Sunday July 24, 2011:

    Low prices = cheap quality

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