Overview

$2,600,000

20% Min Down

507 H STREET NW #

507 H Street Northwest, Washington, DC 20001

For sale in Chinatown

Loft | 0 BA | -10.98% Cap Rate

Listed Feb 12th, 2021
100% leased (NNN) commercial building with a restaurant , Current NOI is $116,688.60 , Restaurant has been at the location for 12 years, 8 year remaining lease plus 5 year option, Tenant is responsible for the roof, Rare investment opportunity with immediate cash flow yields coupled with future add-value opportunity, Four-level commercial building, Walking distance to Gallery Place Chinatown Metro and Verizon Center, Across the street from Fairfield Inn and Suites by Marriott, Rapidly growing area with huge economic value

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Features & Amenities

Unit Amenities

  • Central A/C
  • Exterior: Brick
  • Heat Pump

Building Amenities

  • Central A/C

Building Policies

Learn more about 507 H Street Northwest, Washington, DC 20001

Listed By

History

Date Event Price
Apr 15, 2021 Relisted -
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Apr 11, 2021 Off Market -
ListingHistoryRow::__set_state(array( 'event_date' => '2021-04-11', 'event_type' => 'Status Change', 'event_source' => NULL, 'event_value' => 'Off Market', 'orig_value' => NULL, 'listing_id' => '13347320', 'unit' => '', 'building_id' => NULL, 'street_address' => '507 H STREET NW', 'citystate' => NULL, 'bedrooms' => '-1', 'bathrooms' => '0', 'square_feet' => '0', 'pretty_url' => 'https://www.realtyhop.com/building/507-h-street-nw/house/13347320', 'diff_amount' => NULL, 'diff_pct' => NULL, 'orig_diff_rows' => array ( 0 => array ( 'id' => '13347320', 'listing_id' => '13347320', 'created' => '2021-04-11 06:53:33', 'value_date' => '2021-04-11 06:53:33', 'key' => 'listing_status', 'orig_value' => '2', 'new_value' => '3', 'unit' => '', 'street_address' => '507 H STREET NW', 'contact_firm' => '', 'email' => '[email protected]', 'bedrooms' => '-1', 'bathrooms' => '0', 'square_feet' => '0', ), ), 'orig_type' => 'diff_row', 'alt_data' => '', ))
Feb 12, 2021 Listed $2,600,000
ListingHistoryRow::__set_state(array( 'event_date' => '2021-02-12', 'event_type' => 'Listed', 'event_source' => 'Public Record', 'event_value' => '$2,600,000', 'orig_value' => NULL, 'listing_id' => '13347320', 'unit' => '', 'building_id' => NULL, 'street_address' => '507 H STREET NW', 'citystate' => 'WASHINGTON, DC', 'bedrooms' => '-1', 'bathrooms' => '0', 'square_feet' => '0', 'pretty_url' => 'https://www.realtyhop.com/building/507-h-street-nw-washington-dc/house/13347320', 'diff_amount' => NULL, 'diff_pct' => NULL, 'orig_diff_rows' => array ( ), 'orig_type' => 'listing_row', 'alt_data' => '', ))
Oct 18, 2019 Off Market -
ListingHistoryRow::__set_state(array( 'event_date' => '2019-10-18', 'event_type' => 'Status Change', 'event_source' => NULL, 'event_value' => 'Off Market', 'orig_value' => NULL, 'listing_id' => '5380407', 'unit' => '', 'building_id' => NULL, 'street_address' => '507 H STREET NW', 'citystate' => NULL, 'bedrooms' => '0', 'bathrooms' => '0', 'square_feet' => '0', 'pretty_url' => 'https://www.realtyhop.com/building/507-h-street-nw/house/5380407', 'diff_amount' => NULL, 'diff_pct' => NULL, 'orig_diff_rows' => array ( 0 => array ( 'id' => '5380407', 'listing_id' => '5380407', 'created' => '2019-10-18 09:33:38', 'value_date' => '2019-10-18 09:33:38', 'key' => 'listing_status', 'orig_value' => '2', 'new_value' => '3', 'unit' => '', 'street_address' => '507 H STREET NW', 'contact_firm' => '', 'email' => '[email protected]', 'bedrooms' => '0', 'bathrooms' => '0', 'square_feet' => '0', ), ), 'orig_type' => 'diff_row', 'alt_data' => '', ))
Aug 7, 2019 Price Drop $2,900,000
ListingHistoryRow::__set_state(array( 'event_date' => '2019-08-07', 'event_type' => 'Price Drop', 'event_source' => 'Public Record', 'event_value' => '$2,900,000', 'orig_value' => '3100000', 'listing_id' => '5380407', 'unit' => '', 'building_id' => NULL, 'street_address' => '507 H STREET NW', 'citystate' => NULL, 'bedrooms' => '0', 'bathrooms' => '0', 'square_feet' => '0', 'pretty_url' => 'https://www.realtyhop.com/building/507-h-street-nw/house/5380407', 'diff_amount' => '-$200,000', 'diff_pct' => -6.4516129032258114, 'orig_diff_rows' => array ( 0 => array ( 'id' => '5380407', 'listing_id' => '5380407', 'created' => '2019-08-07 04:07:54', 'value_date' => '2019-08-07 04:07:54', 'key' => 'price', 'orig_value' => '3100000', 'new_value' => '2900000', 'unit' => '', 'street_address' => '507 H STREET NW', 'contact_firm' => '', 'email' => '[email protected]', 'bedrooms' => '0', 'bathrooms' => '0', 'square_feet' => '0', ), ), 'orig_type' => 'diff_row', 'alt_data' => '', ))
May 10, 2019 Price Drop $3,100,000
ListingHistoryRow::__set_state(array( 'event_date' => '2019-05-10', 'event_type' => 'Price Drop', 'event_source' => 'Public Record', 'event_value' => '$3,100,000', 'orig_value' => '3500000', 'listing_id' => '5380407', 'unit' => '', 'building_id' => NULL, 'street_address' => '507 H STREET NW', 'citystate' => NULL, 'bedrooms' => '0', 'bathrooms' => '0', 'square_feet' => '0', 'pretty_url' => 'https://www.realtyhop.com/building/507-h-street-nw/house/5380407', 'diff_amount' => '-$400,000', 'diff_pct' => -11.428571428571432, 'orig_diff_rows' => array ( 0 => array ( 'id' => '5380407', 'listing_id' => '5380407', 'created' => '2019-05-10 06:46:02', 'value_date' => '2019-05-10 06:46:02', 'key' => 'price', 'orig_value' => '3500000', 'new_value' => '3100000', 'unit' => '', 'street_address' => '507 H STREET NW', 'contact_firm' => '', 'email' => '[email protected]', 'bedrooms' => '0', 'bathrooms' => '0', 'square_feet' => '0', ), ), 'orig_type' => 'diff_row', 'alt_data' => '', ))

Property Analysis

Price Estimate

$2,626,000

HopScore Market Price

$2,600,000

Current Asking Price

+$26,000

Difference from Asking

Cap Rate Analysis

Operating Profit

-$285,516
/

Purchase Price

$2,600,000
=

Cap Rate

-10.98%
**

* Actual income may vary between $1,000 and $1,500 depending on unit-specific characteristics.

** 100% occupancy is assumed. Leverage (mortgage) is not considered.

Comparables

Units for sale near 507 H STREET NW

Unit Br Ba ft² Closed Price
Common Charges

Units for rent near 507 H STREET NW

Unit Br Ba ft² Closed Price
Common Charges

Building Info

Want to find out who owns 60 East 8th Street? Get detailed property transactions here.

Neighborhood

Stats & Trends

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Median Asking

-

Above Asking

-

Sale Price/ft²

-

Days on Market

Schools

School Type Grades Distance
Walker-Jones Education Campus Elementary PK to 8 0.41 mi
MacFarland MS Middle School 6 to 8 3.05 mi
Dunbar HS High School 9 to 12 0.64 mi
Ron Brown College Preparatory HS Secondary School 9 to 11 4.68 mi
School-Within-School at Goding Elementary PK to 5 1.41 mi
Capitol Hill Montessori School at Logan Elementary PK to 8 0.91 mi
Ballou STAY HS High School 9 to 12 4.36 mi
River Terrace Education Campus Other 3 to 12 3.26 mi
Dorothy I. Height ES Elementary PK to 5 3.15 mi
Excel Academy Elementary PK to 8 3.06 mi
Roosevelt STAY HS High School 9 to 12 3.02 mi
Duke Ellington School of the Arts High School 9 to 12 2.9 mi
Phelps Architecture Construction and Engineering HS High School 9 to 12 2.55 mi
Benjamin Banneker HS High School 9 to 12 1.67 mi
School Without Walls HS High School 9 to 12 1.56 mi
Washington Metropolitan HS High School 8 to 12 1.43 mi
McKinley Technology HS High School 9 to 12 1.33 mi
Lashawn DCPS Non Public M 0.81 mi
Residential Schools M 0.81 mi
Tuition Grant DCPS Non Public M 0.81 mi
Pre K Incentive Program M 0.66 mi
Luke C. Moore HS High School 9 to 12 2.66 mi
School zoning information and other data are provided by RealtyHop Schools and 3rd party sources. The contents of the database are not guaranteed to be accurate or timely. Contact the schools or districts before making any decisions using on this data.

Mortgage Payment Calculator

$35,857

Per Month

Recent Transactions at 507 H STREET NW

Transaction history for 507 H Street Northwest

Unit Br Ba ft² Listed Listing Agent Asking
HOA + Tax
Closed Closing Buyer(s)

Apartments for Sale at 507 H Street Northwest

UnitBrBaft²ListedListing AgentAskingPrice/ft² HOA + Tax Floorplans

Apartments for Rent at 507 H Street Northwest

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Nearby Buildings

Learn more about 507 H STREET NW #

Building at 507 H Street Northwest, Washington, DC 20001

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