The Farnsboro apartments at 2129 Florida Ave. NW, for whose conversion to condominium ownership was fought by the tenants, sold briskly when sales opened Wednesday, the Shannon & Luchs real estate agent there reported. Buyers began camping in front of the building Tuesday night.
More than 100 people filed through the building Wednesday to look at the 47 units, which are priced from $45,000 to $157,000, said agent Patricia Jackson. The building was redeveloped by Decatur Associates Inc.
By Wednesday evening, 34 had been sold and Jackson said contracts for the rest would probably be signed by the weekend. Closing on the condominiums is expected in the fall.
The Farnsboro tenant protest of the conversion was one of the most highly organized in the city. Landlord Lester Carpenter Leonard Jr. was given a certificate of eligibility to convert to condominiums in April 1978. But the city later disqualified the complex because at the time the application was filed, the rents had been ordered rolled back. As a result, the building did not qualify as a high-rent facility eligible for conversion. Rents in June 1978 ranged from $161.50 to 338 a month.
That month, however, the D.C. Rental Accomodations Commission denied the rent rollback to the tenants, opening the way for condominium conversion.
On Wednesday eight of the original tenants bought units and two elderly residents are being allowed to continue renting, Jackson said. Some of the elderly tenants have lived in the building 20 to 30 years. CAPTION: Picture, prospective buyers of condominium apartments at the Farnsboro, 2129 Florida Ave. NW, camped out Tuesday night to await the opening of sales. By Joe Heiberger - The Washington Post