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“Unit 7W appraised and closed today at $2,300,000”

by Prince Of Petworth September 19, 2017 at 9:55 am 0


courtesy TTR Sotheby’s International Realty

From a press release:

“Today, Lead Developer Brick Lane and partner, Brook Rose Development confirmed the sale of Unit 7W in the Warehouse portion of The Helicopter Factory.  The Helicopter Factory is a 28,000 SF two-pronged residential development comprised of a 7,600 SF warehouse converted to two (5,100 SF and 2,500 SF) residences and 13 industrial-style luxury condominiums at 770-774 Girard Street, in NW Washington. Unit 7W appraised and closed today at $2,300,000.  This appraisal and sale is more than $800,000 above the highest recorded condo sale and $700,000 above the highest single-family sale in Columbia Heights based on MRIS data.


Rendering courtesy TTR Sotheby’s International Realty

Unit 7W is  4,700 plus square foot residence housed inside the original Gyro Motor factory.


Rendering courtesy TTR Sotheby’s International Realty

“This is an exceptional sale and we are happy that our clients were able to achieve such unprecedented value,” says Mark Lowham, CEO of TTR Sotheby’s International Realty.
“Rarely in our market do we have the opportunity to sell such unique, spectacular and historically significant residences like The Warehouses at The Helicopter Factory. I am excited that this remarkable residence has found its perfect owner.” says Michael Hines, Vice President at TTR Sotheby’s International Realty and Helicopter Factory Exclusive Listing Agent.
Jeff Gross, Principal of Brick Lane quotes that “The Helicopter Factory project, and in particular the renovation of the Historic warehouses, has provided our team with an incredible opportunity to reinvent a truly rare piece of DC real estate. We hope that the combination of raw exposed elements melded with contemporary and classic home design will be a new benchmark for the urban industrial aesthetic. We would like to thank our partners Brook Rose, Urban Design Group, Temerity Capital Partners TTR Sotheby’s International Realty, and Revere Bank for helping us realize the potential of this historic landmark.”

This early 20th century factory was once owned by the eminent inventor Emile Berliner (1851- 1929) and his son-in-law, Joseph Sanders. Berliner and Sanders are best known for the invention of the phonograph record, an early sound recording device, and pioneering an early version of the helicopter at their Gyro Motor Company warehouse on Girard Street. In between 1907 and 1926, Berliner dedicated himself to improving the technologies of vertical flight through the development of a lightweight rotary engine. The principal façade is in the Fairmont- Girard alleyway.”

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