Market Square Commands Top Price
Posted by Mark Washburn on Wednesday, March 2nd, 2011 at 7:47am.
The Market Square complex located at 701 Penn and 801 Penn in the Penn Quarter neighborhood is selling for a record breaking rate of $904/SF. This two building complex features 679,719 SF of office and retail space as well 210 privately-owned condos.
Located on Pennsylvania Avenue midway between the White House and the Capital, Market Square is truly one of DC's power addresses. Over the last year, five residential condos have sold at Market Square ranging from a 2,200 SF penthouse for $1.3M to a 545 SF one bedroom for $345,000. The average cost per SF for these five transactions was $685/SF, well below the record breaking price for the commercial segment of the buildings.
Currently, four condos are listed for sale at Market Square East and Market Square West. All four active listings are one bedroom floor plans and range in price from $324,000 to $495,000.
Be the first to comment on this blog entry!
Leave a Comment
Listing information last updated on May 22nd, 2013 at 5:35pm EDT.
- Featured Properties
2125 14th St Nw #414 0 Bed, 1.00 Bath, Residential
in Washington for $359,000 Ttr Sotheby's International Realty
Recent Blog Posts
Tenleytown in Northwest D.C. is a desirable location for Washingtonians who commute downtown on the Metro Red Line. Set amid restaurants and shopping on W... Read More
In the trendy neighborhood of Logan Circle along the 14th Street corridor, a hip new building featuring loft-style condos only has 6 units still for sale. ... Read More
The most expensive condo to sell in the District during April 2013 was a condo in the West End at 22 West located at 1177 22nd Street NW #2 Washington, DC 2... Read More
Stunning Wesley Heights is a residential neighborhood located in Northwest DC, close to American University, Washington’s business centers, shopping and r... Read More
Long known as one of the most affluent neighborhoods in the U.S., tony Georgetown is a superb destination for shopping, fine dining, theaters and a vibrant... Read More
DC Condo Boutique team member Michael Fowler represented the buyer of a condo at Downtown I + II located at 1205 N Street NW #D in DC's Logan Circle Neighbo... Read More
A vibrant neighborhood has sprung up in Columbia Heights amid a cluster of independent businesses, including hip clubs; wine bars; sidewalk patio dining; an... Read More
DC Condo Boutique team member Mansour Abu-Rahmeh represented the buyer of a condo at The Villaggio located at 1425 Euclid Street NW #3 in DC's Columbia Heig... Read More
Crestwood is a tranquil neighborhood in DC’s Gold Coast, an upscale entirely residential community that is nestled between upper 16th Street and Rock Creek... Read More