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NEW PARKCHESTER HOUSING COOPERATIVE

First-rate unit finishes, a convenient location, and a wealth of community amenities mean high value, but the best part of this extraordinary Homeownership Made Easy Program is its affordability and accessibility for buyers who may struggle with traditional financing, especially down payment requirements. This innovative, non-government program offers 100% financing (NO down payment) for qualified buyers. Whether you bring your buyer broker/agent or come alone, you’ll discover attractive, high-quality housing that you can afford. With professional property management, expert financial management, and desirable features like off-street parking, a fitness center, and a community room, this program is designed for comfort and convenience. Additionally, explore DC Tenant Purchase & Improvement Programs and take advantage of down payment assistance programs that make your path to homeownership even smoother.

Stainless Appliances

Every detail of NEW Parkchester has been upgraded starting with brand new stainless kitchen appliances.

Washer Dryer

All the necessary amenities like; washer & Dryer are right in house at NEW Parkchester.

Kid Friendly

Newly installed playground gives kids a great place to enjoy themselves.

Street Parking

Always find parking with lot options and off street parking as well.

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PICK A MODEL – Click “floorplan” for quick view.

Model

Price

Floor Plan

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1 Bedroom 1 Bath

$129,900

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1 Bedroom Deluxe 1 Bath

$159,900

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2 Bedroom 1 Bath

$169,900

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2 Bedroom Deluxe1 Bath

$209,900

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2 Bedroom Jumbo 2 Bath

Sold Out

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3 Bedroom 2 Bath

Sold Out

3 Bedroom Deluxe 2 Bath

$279,900

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3 Bedroom Jumbo

$289,900

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3 Bedroom  Jumbo Premium

$294,900

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4 Bedroom  2 Bath 

$269,900

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10 SPECIAL BENEFITS FOR BUYERS AT NEW PARKCHESTER dot

  • 100% FINANCING – NO DOWN PAYMENT

    80% share loan from DC Federal Credit Union plus 20% deferred payment Co-op loan eliminates down payment. No MIP, No PMI Refundable Earnest Deposit and $100 Membership Fee are required Most settlement costs covered by Seller Contributions (depending on income)

  • SPECIAL PURCHASE FINANCING PROGRAM

    Best of all... purchase financing is available to qualified buyers at competitive rates and terms from local credit union lending sponsors already committed to providing affordable loans for New Parkchester buyers.

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  • UNIT SIZE CHOICES

    Select from a limited supply of 7 different models that vary from 1 Bedroom to 4 Bedroom unit sizes. Each stage will have a small number of various models.

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  • WARRANTY

    First year Home Warranty plan with low co-pay included in purchase price for all new buyers

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  • AFFORDABILITY

    Affordable and stable monthly operating assessments (including real estate taxes) based on a long time established management program

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  • REMODELED UNITS

    All units are remodeled, have stainless appliances, full size washer/dryers, and individual HVAC systems

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  • CONVENIENT PARKING

    New Parkchester includes off street parking, a tot lot, community center, fitness center, basketball court and more

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  • NO INVESTOR OWNERS

    New buyers must be approved as Cooperative members and commit to living in their units (no sales to investor buyers)

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  • GREAT INCENTIVES

    Special discount prices offered for all Stage 1 units plus additional incentives and rewards for the very first buyers (with commissions for confirmed DC licensed buyer agents/brokers up to 3% of the contract price).

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  • REDUCED UPFRONT COST

    Buyer down payments are minimized with optional special financing from deferred payment seller loans for up to 20% of the purchase price (a minimum of 2.5% down payment is required to qualify for Seller deferred payment loans)

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  • LOW SETTLEMENT EXPENSE

    Reduced closing costs and Seller subsidies to make lower out of pocket settlement expense

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Features
UNIT FEATURES
  • Updated Kitchens
  • Stainless Appliances
  • self cleaning gas stove
  • Updated Baths
  • pedestal sinks
  • Individual Heating & Cooling
  • AC systems
  • Tilt Sash Windows Thermal Glass
  • Personal Laundry
COMMON AREA FEATURES
  • Offstreet Parking for residents
  • Onsite Laundry
  • Fitness Center
  • Community Party Room
  • Playground for Young Children
  • Basketball Court
  • TV Security System
  • Pet Park
  • Public Transportation access
Community
Our Neighborhood Is Our Top Amenity
When living in Washington DC. your neighborhood becomes part of who you are. NEW Parkchester is conveniently located in close proximity to the Downtown area and just steps away from Anacostia Green Line Metrorail station. Bring peace, comfort and convenience into your life by getting rid of hassle and embracing a redefined living experience.

Barry Farm Recreation Center

Enjoy all the amenities of the newly developed Barry Farms.

U.S. Capital Building

Very few residential places in DC offers the rare view of the U.S. Capital Building.

Metrorail Station

With many options for transportation, the Anacostia Metrorail makes it easy to travel the town.

Washington Monument

Very few residential places in DC offers the rare view of the Washington Monument.

LEARN MORE ABOUT THE COMMUNITY