Home | Newsletter | Advertise
loading...

The Dumont Goes Rental

  • March 24th 2010

by Mark Wellborn

✉️ Want to forward this article? Click here.

The Dumont Goes Rental: Figure 1
The Dumont

Yesterday, we reported that The Dumont in Mount Vernon Triangle will be sold in April to Equity Residential and speculated whether the two-building development would be rentals or condos. An eagle-eyed UrbanTurf reader let us know that at least one of the towers at The Dumont is going rental.

Equity Residential’s website is already listing rates for 425 Massachusetts Avenue, and they aren’t cheap. See table below.

  Rent range Square footage
Studios $1,785 – $2,046 504 – 569
One-bedrooms $2,175 – $3,530 638 – 1,293
Two-bedrooms $3,685 – $6,750 1,090 – 1,717

In our opinion, these rates seem fairly high across the board. By comparison, rents for one and two-bedroom apartments at CityVista not far from The Dumont and Allegro Apartments in Columbia Heights range from $1,500 to $2,100, according to Kettler’s website. Both of these projects are also offering between 1.5 and two months free rent, so it seems that to be able to compete, The Dumont will need to offer similarly attractive incentives.

Similar Posts:

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/the_dumont_goes_rental/1909.

DC Real Estate Guides

Short guides to navigating the DC-area real estate market

We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!

First-Timer Primers

Intro guides for first-time home buyers

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse