Cityline at Tenley isn't too far from my home; I've been watching it since I moved into the area a few years ago. Architecturally, it's a striking building, warranting an article in the Washington Post in September 2005. I remember when it used to be a Sears store with parking on the roof, so the building's transformation into a condo/retail space was quite amazing to see when we returned to DC in 2004. What's especially interesting to see is the impact of the new retail space on the neighborhood: Best Buy, the Container Store, and the new Ace Hardware store, plus the renovated Whole Foods across the street, have added a lot of 'buzz' to the neighborhood. Or maybe it's the Starbucks and all those earnest, young AU kids hanging out there with their laptops [the stylish iBooks/Powerbooks and the brickish Dells]. Who knows.
Cityline has 204 units, which began closing in June/July 2005. What struck me at the time was that although almost 170 units had closed by December 2005, most of the units facing Wisconsin Ave were dark. It probably has one of the highest flips ratios of the buildings I've been tracking in my database. Of the 204 units, 20 have been flipped since the building was completed.
According to the District's real property assessment database, 16 units have not been sold. Currently, unit #620 is for sale at $689,900 [DC6306994]. Three units are advertised on craigslist for rent, with a 1 bedroom unit offered at $1700/month and two 1 BR/dens [here and here] offered at $2300 each.
Cityline at Tenley 4101 Albemarle NW, DC, 20016
Sales in 2006:
Information on individual sales can be found at DCCondoPrices.com.
Fifteen units were flipped in 2006:
Five units were flipped in 2005, one of which was unit #621 [a $900 loss].