CrowdStreet: 1425 New York Avenue Stage Two

The real estate investment platform CrowdStreet announced an offering for a multifamily development in downtown Washington, D.C.

The 1425 New York Ave. project will repurpose a vacant office building into a 24-unit Class A+ asset. Once the development is complete, the project will offer the closest residences to prominent D.C. fixtures, including the White House, U.S. Capitol Building and the Washington Monument. The luxury 13-story highrise looks to be well-positioned in the supply-constrained market that has lacked new multifamily supply for nearly a decade.

The vacant office building’s interior will be torn to its concrete studs and transformed into the luxury residences. The property will feature a ...

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