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Taking the Complexity out of Affordable Housing.

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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.

  • Metropolitan Overlook
  • Metropolitan Overlook sample unit kitchen and living room
  • Metropolitan Overlook sample unit bedroom
  • Metropolitan Overlook rooftop deck

1831 2nd Street NE

Fast Facts

  • 37 Units
  • $5 M Total Development Cost
  • Completed 2013
  • Financed with Conventional Debt and Subordinate Debt
  • For Sale Condominium with Market Rate and Affordable Units at 60% AMI

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Menkiti Group

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