Petworth Sticker Shock? Here’s a Large 2 BR Nearby For Just $398K

Been looking to buy a condo or home in Petworth?  “You’ve probably seen very high prices and had a little bit of sticker shock,” said Gerard DiRuggiero, Principal Broker of UrbanLand Company.  “The average prices for condos sold this year in Petworth were $550,000 in 1st quarter 2016 and $652,450 in the quarter ending June 30. It’s a big stretch for the buyer who wants upper NW but can’t quite afford it.”


There are alternatives, if you look nearby. Our listings at The Nicholson Condos in 16th Street Heights are a prime example. We’re just over the Brightwood boundary in a neighborhood that is just starting to have small new condo projects appear. “We’re open a few weeks ago and have 1,000 sq. ft., 2BR 2BA luxury condos with roof terraces or  patios. This is a brand-new renovation of an existing building and has kitchen features you see in the $500,000+ price point,” said DiRuggiero.


The building is a fresh renovation and the unit is brand-new inside with quartz kitchen counter tops, Italian-made cabinets by Lusso Cucina, stainless steel appliances, and recessed lighting. There is a large backyard.


“The cabinets are a light color which really keeps the rooms looking bright and airy. These are European designs from cabinet maker Lusso Cucina,” commented Gerard DiRuggiero, Principal Broker of UrbanLand Company. “We’ve  sold a lot of luxury condos with this brand of cabinetry recently, and we’re thrilled to have features like this within The Nicholson.”

Here’s the layout of the first level showing the first floor units with patios. There’s 1,000 sq. ft. in these floorplans!

DSC09688This is a great play for the home buyer who really prefers a NW address. 1346 Nicholson Street, NW is right near Kennedy Street’s exciting retail transformation, Mazza Gallerie, Petworth and Fort Totten. The Kennedy Street zone has become an active growth area with active residents and new retailers.

We’re open Sunday at 1346 Nicholson Street, NW. Call 202.759.4114 for info or join the Priority List online. We release building news via email and social media. Watch for more on UrbanLand Company’s Facebook page, including the rest of the photos from yesterday’s staging!



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