Menkiti Group Releases 11 Renovated Affordable Dwelling Units in Eckington
WASHINGTON, DC. – The Menkiti Group has released 11 Affordable Dwelling Units from Metropolitan Overlook, the newly renovated condominiums in Eckington in NE DC. The 1 bed, 1 bath units are offered at $171,000 and are open to buyers looking to find affordable units in the developing neighborhood of Eckington.
Located at 1831 2nd St. NE, Metropolitan Overlook offers a modern collection of renovated homes with bright, open floor plans, an array of refined finishes, and a roof deck with sweeping city views.
In 2012, 2nd Street Community Partners, The Menkiti Group and Dantes Partners, both Ward 5 real estate developers, started construction on a monumental community rehabilitation project that is Metropolitan Overlook. These organizations combined their resources and talent to transform a dilapidated, 37-unit apartment building that stood vacant for more than two decades into Metropolitan Overlook – a sleek, modern residential condominium community in the Eckington neighborhood.
The development team acquired the building through a property disposition agreement with the District’s Department of Housing and Community Development (DHCD). A solicitation for development proposals was advertised to the public by DHCD in October 2010. The project was designed by Miner Feinstein Architects in collaboration with Indigo Engineering, M. A. Design Group, ReStl Designers and Capitol Engineering Group. Additional consulting services for the project were provided by Compass Design and Development and CDKM Consulting. The General Contractor is Keystone Plus Construction.
The single bed and bath units are as low as $500 down and $1,050/month if qualified purchasers make under 60% of AMI and are using HPAP and Tax Abatement programs. For single-person households, the maximum yearly gross household income is $45, 066 while a household with two individuals is capped at $51,504.
To find out more about Metropolitan Overlook and to speak with an agent about purchasing a unit or to find out more about any of Menkiti Group’s other listings, please contact Kymber Lovett-Menkiti at Homes@menkitigroup.com.
The Menkiti Group is a Brookland-based real estate services company dedicated to enhancing the fabric of life in America’s urban neighborhoods through the strategic development, management, and sale of residential and commercial property. The Menkiti Group is committed to creating workforce and affordable housing of the highest. With the Metropolitan Overlook project, the organization intends to raise the bar on what is achievable in workforce and affordable housing and set new expectations in the marketplace.
Dantes Partners has consulted for a wide variety of clients and coordinated with design and financial teams to program sites from vacant parcels to stabilized buildings. Over the past four years, Dantes Partners has provided consulting services in the areas of public/private deal structuring and negotiations, predevelopment planning and oversight, community outreach, market analysis, project and asset management, debt/equity underwriting, and portfolio due diligence. Metropolitan Overlook has represented an extremely successful collaboration between the District Government and local businesses and serves as an opportunity to make a lasting impact on the neighborhoods and communities that surround the project.
Contact: Stephanie Liotta-Atkinson