42 N Street NE
17,482-SF Parcel with D5 Zoning | Conveys with Conceptual Plans for 218-Unit Multifamily Development
Marketing description
Feldman Ruel is pleased to offer for sale 42 N Street NE, a development opportunity located in Washington, D.C.’s NoMa submarket, one of the District's most dynamic and rapidly evolving areas. The subject property benefits from flexible zoning, access to public transportation, and proximity to both retail amenities and major employment centers. The surrounding area has experienced sustained development activity and continued institutional investment across residential and office product types. With strong visibility along New York Avenue NE, a major arterial corridor, and preliminary architectural plans in place, the subject property is a rare opportunity to capitalize on the sustained demand for a high-quality, well-located, urban development site.
Download Offering Memorandum: https://listings.feldmanruel.com/properties/42-n-street-ne/
Investment highlights
• Conceptual Plans for a 218-Unit Multifamily Development with Potential to Increase Unit Count
• Flexible D-5 Zoning | No FAR Limitation & No Inclusionary Zoning Requirements
• Transit-Oriented Location | 1 Block from the NoMa–Gallaudet Metro Station
• High Visibility & Traffic Exposure Along New York Avenue NE | +52,000 VPD
• Nearby Amenities Include Union Market, Trader Joes, REI, Starbucks, & More
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