11 Responses to “Broadway wins approval of plans to sell the DuMont”

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  1. Gus

    425 Mass is already listed on EQR’s website, for move-ins starting 4/14/2010: http://www.equityapartments.com/Brochure.aspx?PropertyId=3938

    It looks like studios start at $1785/mo (most are about $2050/mo); 1 brs start at $2175/mo (most are $2400-2800).

  2. Gus

    Alas, Steven beat me to the “they’re already online! wow!” punch. Well played, Steven — it is an honor to have lost to such a wiley foe.

  3. let’s get these babies leased up and rocking and rolling!!!

  4. Tom

    Equity apartments website has some amazing “views” from 425 Mass: such as the Kenedy Center (taken from Virginia). It also has some amazing photos of amenities: such as the swimming pool . . . from across the street at 400 Mass Ave. What’s with that?

  5. tom veil

    These units are about 15-20% more expensive than 300 Mass and 450 Mass. Interesting decision.

  6. FourthandEye

    It could take a long while to fill 560 units if they price above the surrounding rentals. I have to imagine there will be promotional offers or pricing in the coming months. I believe the V apartments offered two months free.

  7. @tom – after checking the website, I noticed the same thing. when built as condos, the floorplans are bigger than rentals so need to make sure one is doing the $/ft2/month calculation to get good comps.

  8. FP

    great! with more people moving in, the demand to fill the existing commercial space should increase. this means more cool places to check out!

  9. yay more neighbors! those units are pricey for sure but they are big and probably super fancy. I hope the sale goes through and they rent fast.

Trackbacks

  1. [...] Mount Vernon Triangle – At last, the Dumont at 425 and 401 Massachusetts Avenue NW gets disposed. Equity Residential, a Chicago based REIT, picks it up for $167M and advertises the units as apartments for rent. Chalk up another couple of hundred residents for the area. Yes! [The Triangle] [...]