Metropolitan Overlook

Dantes Partners and The Menkiti group partnered to win the District of Columbia’s solicitation for proposals for the acquisition and development of a 37 unit for-sale multifamily property. Built in 1938 and abandoned for over 4 years, the existing building was derelict and in need of substantial renovation. This $5,000,000 transaction utilized Conventional Debt and a Subordinate Loan from CityFirst Homes. By negotiating a nominal acquisition price, our development team was able to create long-term value for investors via the limited land cost basis. This transit-oriented green development is less than 1 mile from both the Rhode Island Avenue Metro Station and the New York Avenue Metro Station in the rapidly developing Eckington neighborhood.