Purchasing a DC Area Cooperative: What Makes a Good Fit?
By Patricia Kennedy, Home in the Capital
(RLAH@properties)
Here is the DC area, many buyers steer away from cooperative buildings. Usually it has something to do with the ground rules for living in the complex. Oh, and there is also a usually pleasant meeting with to members of the coop Board who must approve your purchase. Still, some of the most desirable units in the area are located in coops, and most are worth the potential hazards inherent in the process for buying. Some of my favorites include Tilden Gardens, The Westchester, The Broadmoor and the iconic Watergate - and there are many more. Right now, there are 100 coops for sale in Northwest Washington, with prices ranging from an affordable $135,000 for a 525 square foot 1-bedroom near Logan Circle, to a high of $3,795,000 for a 4,640 square foot duplex penthouse in the Watergate. Her...
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