DC Cooperatives
Cooperatives are a form ownership that has many similarities and some differences to condominiums. Cooperatives pre-date the introduction of condos to the DC market as the first co-op, the Concord delivered in 1891. The 1920s saw a signficant number of DC’s apartment houses convert to cooperative ownership led by prominent DC developer Edmund Flynn. With a cooperative, owners buy shares in a company that owns the development, vs owning everything inside the walls of a condo.
In many cooperative buildings, the monthly fees include both the maintenance charges typically found in a condo as well as the utilities, property taxes and sometimes an underlying mortgage for the building. Buyers are sometimes scared off by the larger “all-in” monthly fees associated with a cooperative. Another consideration regarding cooperatives is that many have significant restrictions regarding owners renting out individual units.
DC Cooperatives For Sale
Rare offering - fully renovated one-level unit, with 1br+office/2.5BA, beautiful hardwood floors, high ceilings, thick crown molding, and recessed lighting...
Designed by Harry L. Jones and developed by Monroe and R. Bates Warren in 1926, 2540 Massachusetts Avenue, NW, defines timeless elegance and...
This rarely available, dramatic floorplan on the point of Watergate West offers panoramic river and city...