634 Webster Project

Project Pro Forma Rev. (8/7/06)

I. Project Description:

634 Webster Condominiums. 634 Webster Street is a
two-story brick rowhouse in a row of single-family porch
houses in the character of Petworth neighborhood. The zoning
allowance for this project is two units, 1-2 Bedroom/1 Bath flat
with a deck and 1-3 Bedroom/2.5 Bath duplex unit with a deck,
and two car parking in the rear, off the alley that may be sold
separately.

II. Sellout

The two units, 900+ and 1800+ square feet will be pre-sold at about $287 per foot.

· 1-2 bedroom/1 bath flat with deck @ $350,000

· 1-3 bedroom/2.5 bath duplex with deck and 2-car parking @ $425,000