1732 15th ST NW, WASHINGTON, D.C.

OPPORTUNITY TO ACQUIRE A BOUTIQUE 158-UNIT LUXURY ASSET IN THE HEART OF WASHINGTON, D.C.’S COVETED 15th STREET CORRIDOR WITH DIRECT WALKABILITY TO THE K STREET CBD AND 14TH STREET’S ABUNDANT RETAIL DESTINATIONS

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2023

Year Built

158

TOTAL UNITS

94.3%
(7.5.26 RR)

OCCUPIED

727

AVG. UNIT SF

145

MARKET RATE UNITS

97

WALK SCORE

$365K

AVG. HOUSEHOLD INCOME (PROPERTY LEVEL)

Executive Summary

Berkadia is pleased to present the sale of Capitol Rose (the “Property”), a boutique 158-unit luxury community built in 2023 in the heart of Downtown D.C., adjacent to the 14th Street Corridor. Positioned at the convergence of Logan Circle, Dupont Circle, and 14th Street, three of the District’s most coveted neighborhoods, the Property offers residents an elevated living experience featuring top-of-market finishes, a rooftop pool with 360º views of Downtown D.C. and the Washington Monument, and a full suite of best-in-class amenities.

The Property’s location is irreplaceable, pairing the energy of Downtown with a residential setting few urban assets can match. Set along a quiet one-way street of historic townhomes and tree-lined sidewalks, Capitol Rose offers a neighborhood living experience just steps from the city’s core. The 15th Street Cycletrack, one of the nation’s first two-way protected bike lanes, runs directly past the front door, spanning roughly two miles from V Street NW through Downtown to the National Mall and connecting residents to the White House, Federal Triangle, and the 14th Street Bridge entirely separated from vehicle traffic. A 97 Walk Score and a 90 Transit Score give residents immediate access to over 1 million square feet of retail along the 14th Street Corridor, including Trader Joe’s and Whole Foods just a five-minute walk from the front door. Capitol Rose also sits within one mile and a 15-minute walk of 40 million square feet of office space, home to many of the DC Metro’s most prestigious private sector employers, including the headquarters of Fannie Mae, Bain & Company, and more than two dozen of the nation’s premier law firms. Residents also benefit from five Metro stations in close proximity, servicing all lines and providing direct access to major employment hubs across the region, including National Landing, home to Amazon HQ2 and Virginia Tech’s $1B Innovation Campus.

The Property’s resident base is among the strongest in the DC Metro, with a property-level average household income of $365,000 and surrounding one-mile demographics featuring over 80% of residents holding a bachelor’s degree or higher, a median age of just 34, a 70% renter population, and an employment rate exceeding 97%. With zero ground-up multifamily units set to deliver within a one-mile radius through 2030, Capitol Rose offers investors a rare opportunity to acquire a newly built trophy asset in a supply-constrained submarket with durable, high-quality demand for years to come.

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Unit Mix Summary

MARKET RATE

Floor Plan
Size (SF)
# of Units
% of Mix
Studio
421
4
3%
JR 1 Bed / 1 Bath
553
36
23%
1 Bed / 1 Bath
655
71
45%
JR 1 Bed / 1 Bath + Den
691
1
1%
1 Bed / 1.5 Bath Duplex
820
1
1%
1 Bed / 1.5 Bath + Den
855
5
3%
JR 2 Bed / 2 Bath
935
3
2%
2 Bed / 2 Bath
1,035
11
7%
2 Bed / 2.5 Bath Duplex
1,129
2
1%
2 Bed / 2 Bath + Den
1,343
2
1%
2 Bed / 2.5 Bath + Den Duplex
1,374
9
6%
Total/Average
727
145
92%

AFFORDABLE

Floor Plan
Size (SF)
# of Units
% of Mix
Studio
462
8
2%
JR 1 Bed / 1 Bath
571
27
7%
1 Bed / 1 Bath
702
15
4%
2 Bed / 2 Bath
985
7
2%
Total / Avg.
729
13
8%
Total/Average
1,058
59
15%
Total/Average
727
158
100%

Deal highlights

IRREPLACEABLE CORE LOCATION

Capitol Rose is a rare boutique luxury offering in the heart of Downtown D.C., steps from the14th Street Corridor and moments from Logan Circle, Dupont Circle, CityCenter, and the National Mall. The Property’s designer interiors, top-of-market finishes, and prime location deliver a living experience that cannot be replicated anywhere else in the District. 

ZERO SUPPLY & DISCOUNT TO HOMEOWNERSHIP

There are zero ground-up multifamily units set to deliver within a one-mile radius of the Property through 2030. Surrounded by a dense residential neighborhood of predominantly single family homes with average sales prices of $1M to $3.5M, Capitol Rose stands to benefit from sustained pricing power as demand continues to outpace a constrained development pipeline. 

ADJACENT TO D.C.’S TOP-TIER RETAIL OFFERINGS

With a 97 Walk Score, 90 Transit Score, and a 99 Bike Score anchored by the 15th Street Cycletrack, a protected bike lane connecting Downtown to the National Mall, the Property sits steps from 14th Street, one of Washington D.C.’s most sought-after entertainment destinations with over 50 shops and restaurants across more than 10 city blocks of street-level retail. Drawing over 7.3 million vehicles annually and constant foot traffic from morning to night, the corridor places Trader Joe’s, Whole Foods, Le Diplomate, and every lifestyle amenity just a five-minute walk from the Property. 

ROBUST DEMOGRAPHICS

Capitol Rose residents represent one of the most affluent renter profiles in the DC Metro, with a property-level average household income of $365,000. The surrounding one-mile radius features over 80% of residents holding a bachelor’s degree or higher, a median age of just 34, a 70% renter population, and an employment rate exceeding 97%. 

EPICENTER OF BEST EMPLOYMENT OFFERINGS

The Property sits within one mile and a 15-minute walk of 40 million square feet of office space anchored by Fannie Mae Headquarters in Midtown Center and the nation’s premier law firms. Recent leasing momentum is exceptional, with over 700,000 square feet of new law firm commitments in the District, including White & Case (196,000 SF), McDermott Will & Emery (150,000 SF), and Cooley (126,000 SF), bringing thousands of high earning professionals within walking distance of the Property. 

BEST IN-CLASS AMENITIES AND FINISHES

The Property offers a luxury amenity suite headlined by a rooftop pool with 360° views of Downtown D.C. and the Washington Monument, a penthouse lounge with a professional-grade kitchen and billiards, a rooftop terrace with alfresco dining and grilling stations, a 24-hour fitness center, a lush private courtyard, a coffee bar with coworking spaces, and a pet spa. Best-in-class residences are offered in two designer palettes, Contemporary Georgian and Masonic, each thoughtfully curated to elevate daily living.

EPICENTER OF D.C.

Contact us

DC METRO
4445 Willard Ave., Suite 1200
Chevy Chase, MD 20815

Investment Advisors 

BRIAN CRIVELLA
Senior Managing Director
301.580.6685
[email protected]

YALDA GHAMARIAN
Managing Director
240.462.2332
[email protected]

BILL GRIBBIN
Managing Director
301.580.6486
[email protected]

JACK CANEPA
Associate Director
301.941.4629
[email protected]

Mortgage Banking

PATRICK MCGLOHN
Senior Managing Director
301.941.4610
[email protected]

BRIAN GOULD
Managing Director
301.941.4616
[email protected]

Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.  

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