The Dumont Is For Sale!
27 04 2009When we heard that a vacant 559 unit condo was about to come on the market this month, we immediately knew there was only one place it could be… The Dumont. The huge development in Mount Vernon Triangle has certainly had its ups and downs, but ever since they finished up the exterior last year, it looked like they might actually make a go at starting to move these units.
Well apparently they weren’t that successful, and like so many before them, are selling out so the two building complex can potentially be turned into an apartment building. The price for these empty buildings? Only $170 million, which by our calculation comes out to around $304,000 a unit. Considering the buildings design and amazing location right on Massachusetts Ave, that isn’t a half bad deal if you ask us. Now if only we could drum up $170 million, if anyone wants to start an investor group, give us a call!
[Photo: DCMetrocentric]
For more details, read the blog posting the Triangle wrote last Wednesday.
Interesting that they didn’t try to go the rental route themselves and are just selling it off.
I’ve got 50 cents and a whatever is left on my Metro card.
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