
THE CROWN JEWEL AND LAST WATERFRONT DEVELOPMENT OPPORTUNITY WITHIN THE 48-ACRE MASTER-PLANNED THE YARDS DEVELOPMENT
Visit Doc CenterExecutive
Summary
Berkadia, as exclusive advisor, is pleased to present Parcel Q (“The Site” or “Property”), the crown jewel of The Yards and the last remaining waterfront development opportunity in The Yards Development. This premier SEFC-3 zoned site — one of the only properties in this custom special purpose zone — is a 90,377 SF site (approx. 45,259 SF excl. future private streets) with a max height of 90 feet and FAR of 4.4 and is currently envisioned for 188,603 GSF including 14,280 SF of retail. Amendment #4 of the SEFC Master Plan, approved by the National Capital Planning Commission on May 7, 2026, designates Parcel Q for residential or office use with ground-floor retail along River Street, positioning it as the final residential development opportunity within The Yards SEFC master plan.
Positioned along the Anacostia River between 3rd and 4th Street SE, Parcel Q offers a highly walkable live-work-play setting in one of D.C.’s most dynamic and rapidly developing submarkets. The site features exceptional visibility and truly unparalleled waterfront views, with direct access to the Anacostia Riverwalk Trail, Yards Park, and a robust mix of existing retail, dining, and entertainment at its doorstep.
The Property’s prime location provides outstanding connectivity. The D.C. Metro’s Green Line at Navy Yard Metro Station is accessible within a 9-minute walk (approximately 0.4 miles), while the Orange and Blue Lines at Eastern Market Metro Station are less than a 20-minute walk away (approximately 0.9 miles). Just three metro stops from Northern Virginia and five stops from downtown D.C., the site offers seamless connectivity to the region’s top employment hubs. Two of the city’s most desirable neighborhoods and commercial corridors — Barracks Row and Eastern Market — are also less than a mile away. Nationals Park and Audi Field, along with a wide array of restaurants, bars, and neighborhood amenities, further reinforce Parcel Q as a best-in-class luxury condominium development opportunity in the heart of the Ballpark / Navy Yard submarket.
Property Description
- Parcel Q:
- Lot Area
- Lot Area (Excl. Private Streets)
- Residential GSF
- Retail
- Total GSF
- Base FAR
- Bonus FAR (Ground-Floor Retail)
- Bonus FAR (Habitable Penthouse)
Investment Highlights
LAST WATERFRONT DEVELOPMENT OPPORTUNITY
The only remaining waterfront development site within The Yards development and one of the only properties in the custom SEFC-3 zone district.
UNPARALLELED WATERFRONT SETTING
Direct frontage on the Anacostia River with immediate access to Yards Park, the Anacostia Riverwalk Trail, and the 52-slip Yards Marina.
STRONG SUBMARKET FUNDAMENTALS
As of Q2 2026, effective monthly rent stands at $2,820 (CoStar, 2026), with zero new units delivering in 2026, supported by condo sales projected at $1,300–$1,600 PSF and a $650+ monthly waterfront rental premium over comparable non-waterfront properties (third-party sales consultant).
ADVANCED ENTITLEMENT PATH
SEFC Master Plan Amendment #4 approved by NCPC on May 7, 2026, designating Parcel Q for residential or office use with ground-floor retail — with a clear and defined regulatory path to construction.
UNMATCHED CONNECTIVITY
The site is a 9-minute walk to Navy Yard Metro (Green Line) — 5 stops or a 14-minute drive to Amazon HQ2, with direct access to I-395 and I-695.
PREMIER DEMOGRAPHICS
70% of residents within one mile hold a bachelor’s degree or higher, $146,000 average household income, and 68% renter-occupied households.
EMBEDDED IN THE NAVY YARD
Situated within Brookfield’s 48-acre master planned The Yards development, surrounded by 3.5M SF of office and 223K SF of retail, the property sits at the center of one of DC’s densest employment corridors. Major employers in the immediate area include the U.S. Department of Transportation HQ (182K SF | 1.2K employees), Chemonics (206K SF | 1.9K employees), and Lockheed Martin and IAM Pension Fund, both occupying space in the 235K SF office building at 99 M St SE.
WATERFRONT PREMIUM
Parcel Q condo sales are projected at $1,300– $1,600 PSF per a market analysis conducted by a third-party sales consultant. Additionally, nearby waterfront properties are achieving $650+ monthly rental premiums over similar vintage non waterfront properties, further enforcing the scarcity of this last Navy Yard waterfront site.
Location
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.
© 2026 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.

