Some of you may recall my asking several times last year why the District wasn't recording any sales for Ten Ten Mass [1010 Massachusetts Ave NW, DC, 20001] since it looked like construction had finished. Was this an ominous sign for the building and the market as a whole? No! Several of you emailed me / posted comments saying that many units had closed and that all was well. Right you were. Eventually, the District added the building's sales to its real property sales database with their actual closing dates, effectively backdating its database.
As described on this site [which has undergone a well-done redesign; kudos]:
1010 Mass condos is a 14-story, 163-unit condominium in a new building developed by Rock Creek Properties (RCP), Faison & the Carlyle Group. Sales began Oct. 2005; settlements began early Summer, 2007, the project sold out by late spring 2008. Sales by McWilliams Ballard, with prices from $400k to $1.5m; parking available to purchase at $37,500 (limit of one). Located downtown, 3 blocks from Metro (Mt. Vernon), a short walk to Penn Quarter, this waving brick and glass structure will have 8700 s.f. of ground floor retail, rooftop lap pool, and overlook the new DC Convention Center and Mass Ave., with floor to ceiling windows in some condos. Underground garage will house space for 169 cars (i.e. only one per unit), and 217k s.f. of gross space. Faison, very active in Washington DC real estate, has projects throughout the southeast and southern Florida. Architectural design by Esocoff & Assoc., Glen Co. performed construction before they went bust after completing about 80% of the building.
While those folks may claim that the building's sold out, not so according to the District, which says that 48 units are still available. BTW, how could it be "sold out by late spring 2008" when Spring is less than a month old? Also, I think there's a discrepancy in the number of units. Both the District and this site state that 163 units were built. I go with the District [for now].
Ten Ten Mass 1010 Massachusetts Ave NW, DC, 20001
Sales Through February 2008
The District has recorded sales for 115 of Ten Ten Mass' 163 units through the end of February 2008. I'm hard pressed to believe that units PH210 and PH211 were both purchased by the same person for the same price, but that's what the District says so it must be so.
The table below lists each sale at Ten Ten Mass [use the scroll bar on the right].
Rental / Resale Activity
I've found no resales in the building to date.
As of April 14, I find one unit advertised for sale. It's a 2/2 available for $575,000. It's currently renting for $2850 / month and has a $490/month condo fee.
Two are listed for rent: