A sneak peek of NewBo West

A sneak peek of NewBo West

NewBo West, conveniently located in Czech Village, is a (sort-of) new mixed-use building at 1612 C Street SW. I say sort of new because the “mixed” part of the mixed-use is a two story addition of 10 apartments onto a retail building built in 1951. There’s roughly 3000 square feet of retail space on the ground floor (right now it’s split into two spaces), five two bedroom apartments and five one bedroom apartments. They should be move in ready by September of 2015.* The space for the apartments utilizes an unconventional floor plan. Nine of the apartments are entered through the second floor hallway. One unit is entered from the rear of the building and is handicap accessible (the building does not have an elevator). Of the nine upstairs units, eight have two stories. All of the two-bedroom units second story run the entire length of the building east to west. All of the two story apartments also have balconies off of the living room. Every unit will have an in-unit washer and dryer. Four of the ten units are income-restricted to households making 80% of median income or less. This is the same income restriction level as the 10th Street Brickstones. Here’s the income breakdown: One person can make up to $43,750. Two People can make a combined amount up to $50,000 Three people can make a combined amount up to $56,250 Rents aren’t final yet, but should be close to comparable apartments in the area. Expect a few hundred dollar premium if you don’t qualify for the income restrictions. The commercial space is projected to rent at $14 per square foot plus…