VERNA — 1128 Tenth Street NW, Washington, DC
Ten furnished residences. One professional operator. A building that already works.
VERNA is ten newly built apartments in Logan Circle, two blocks from Mount Vernon Square Metro — furnished, occupied and producing income from the day you close. White oak floors, nine-foot ceilings, Poggenpohl kitchens, Bosch appliances, in-residence laundry and private outdoor space in every unit; eight two-bedrooms and two one-bedrooms behind a secure, elevator-served lobby.
LANDING, the operator of 10,000-plus units nationwide, furnishes each residence at its own cost, screens every resident, markets the building, and pays the owner 80 percent of revenue monthly. Average stays run 77 nights. The Year 1 projection shows $442,178 in owner proceeds, with occupancy stabilizing above 91 percent.
The month-to-month agreement leaves every option open: keep the operator, replace it, or change use.
Offered at $12,500,000 by The Centurion Group, Sotheby’s International Realty. Projections subject to verification.
Listing Courtesy of: TTR Sotheby's International Realty
646-644-2564
| Listing Id: | DCDC2289928 |
|---|---|
| List Price: | $12,500,000 |
| Property Type: | Commercial Sale |
| Property Sub Type: | Five Or More Units |
| Status: | Active |
| Tax Annual Amount: | $1 |
| Waterfront?: | No |
| City: | Washington |
| Counties Or Regions: | Washington |
| Subdivision Name: | Logan Circle |
| Postal Code: | 20001 |
| Year Built: | 2026 |
| Number Of Units Total: | 10 |
| Listing Agreement: | Exclusive Right |
| Frequency: | Annually |
| Vacation Rental Yn: | No |
| Financing Types: | Cash, Conventional, FHA, Private, VA |
| Mls List Date: | 2026-11-02 |
| State Or Province: | DC |
| Postal Code Plus4: | 4302 |
| Legal Subdivision: | Old City 2 |
| Possession: | 0-30 Days CD, Negotiable, Immediate |
| Directions: | DC local street. Google map allows real time traffic alerts. |
| School District Key: | 121140357950 |
| Cooling: | Central A/C |
| Entry Level: | 1 |
| Construction Materials: | Advanced Framing, Brick Front, Concrete, Combination |
| Building Area Total: | 6,057.0 |
| Accessibility Features: | None |
| Garage?: | No |
| Heating: | Hot Water |
| Heating?: | Yes |
| Building Area Source: | Assessor |
| Construction Completed Yn: | Yes |
| Parking Features: | Public |
| Stories Total: | 5 |
| Year Built Source: | Estimated |
| Property Condition: | Excellent |
| Basement Yn: | No |
| Cooling Fuel: | Electric |
| Elevators: | 1 |
| Heating Fuel: | Natural Gas |
| Hot Water: | Natural Gas |
| Other Units: | Unit 1, Unit 2, Unit 4, Unit 5, Unit 8, Unit 3, Unit 6, Unit 7, Unit 9, Unit 10 |
| Net Square Feet: | 8,900.0 |
| Central Air Yn: | Yes |
| Type Of Parking: | On Street, Other |
| Assessment Year: | 2027 |
| In City Limits Yn: | Yes |
| County Tax Frequency: | Annually |
| Historic Yn: | No |
| Land Use Code: | 0 |
| Tax Assessment Amount: | $1,749,070.00 |
| Tax Year: | 2025 |
| Zoning: | RA-2 |
| Zoning Description: | Residential Apartment Zone |
| Listing Tax: | 0341//0012 |
| Auto Update Tax Data Yn: | Yes |
| Exclusions: | All furniture and other furnishings owned by LANDING company. |
| Ownership: | Condominium |
| Real Estate Owned Yn: | No |
| Special Listing Conditions: | Standard |
| Pets Allowed: | No Pet Restrictions |
| Soil Types: | Unknown |
| Water Access Yn: | No |
| Water Oriented Yn: | No |
| Pets Allowed Yn: | Yes |
| Tidal Water Yn: | No |
| Water View Yn: | No |
| Navigable Water Yn: | No |
| Riparian Rights Yn: | No |
| Sewer: | Public Sewer |
| Water Source: | Public |
| Business Type: | Apartment Building |
| Municipal Trash Yn: | Yes |
| Ground Rent Exists Yn: | No |
| Price Per Square Foot: | $2,063.73 |
| School District NameSchool District: | DISTRICT OF COLUMBIA PUBLIC SCHOOLS |
| Buildout Allowance Yn: | No |
| Building Classification: | Class A |
| Short Sales: | No |
| Tenancy Svo: | Multiple |
| New Construction?: | Yes |
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Property Last Updated: November 03, 2026 02:32 AM - ET
