CLARIDGE HOUSE COOPERATIVE, INC.

What CLARIDGE HOUSE COOPERATIVE, INC. does

Claridge House Cooperative, Inc. is a private, non-profit residential housing cooperative incorporated in Washington, D.C., operating since 1979 from a single address at 950 25th Street NW in the Foggy Bottom neighborhood. The cooperative owns a multi-story building complex (North and South buildings) and sells shares that grant occupancy rights to individual studios, one-bedrooms, and two-bedrooms; shareholders also generate rental income by subleasing their units under management-approved agreements (minimum six-month terms, one lease per year per shareholder). The building operates with a 24-hour front desk concierge, rooftop pool, fitness center, business center, and on-site maintenance (Monday–Friday plus 24/7 emergency on-call), and uses BuildingLink as its property-management platform for resident profiles, work orders, and maintenance tracking.

The business model is a hybrid of one-time share sales ($179,900–$349,000, with assumable underlying mortgage credits of $18,400–$32,500 that reduce effective cost) and recurring monthly maintenance fees that bundle the underlying mortgage, property taxes, insurance, and utilities. Sublease rents range from $1,650 to $3,400 per month, and ancillary revenue streams include garage parking spaces, basement storage units, in-unit maintenance services, and a $350 move-in fee per lease. The underlying corporate mortgage was refinanced with John Hancock in August 2017 at a 3.94% fixed rate over a 20-year term, providing long-duration favorable debt service, and financial management is contracted to Legum & Norman/Associa.

The cooperative serves a distributed long tail of end customers: George Washington University students and staff, GW Hospital employees, World Bank and IMF staff, State Department personnel, and Kennedy Center visitors and staff, with no single anchor tenant. Distribution is primarily direct through the cooperative's website (claridgehousecooperative.com), shareholder-to-buyer/sublessor transactions facilitated by Compass, Long & Foster, and independent real estate agents, and on-site concierge support. Specialized cooperative financing is offered through National Cooperative Bank and Congressional Bank (investor and owner-occupied), with BB&T/Truist providing owner-occupied and second-home loans, broadening the addressable buyer pool. Claridge House has earned EPA Energy Star certification for 10 consecutive years (2015, 2016, 2018–2025) and has recently completed major capital projects including roof replacement (2022–2023), courtyard renovation (2020–2021), and elevator modernization (2024).

Name

CLARIDGE HOUSE COOPERATIVE, INC.

Legal name

Claridge House Cooperative, Inc.

Website

https://claridgehousecooperative.com

Company type

Private

Founded year

1979

Operating status

Operating

Headcount range

11–50 employees

Short description

Claridge House Cooperative is a non-profit residential housing cooperative in Washington, D.C.'s Foggy Bottom neighborhood that sells occupancy shares to individual shareholders and permits sublease rentals, serving students, professionals, and institutional staff near GWU, GW Hospital, and the World Bank/IMF corridor.

Ownership category

akta.pro rank

Product category

Residential Cooperative Housing

NAICS

Lessors of Residential Buildings and Dwellings (53111)

SIC

Operators Of Apartment Buildings (6513), Services-To Dwellings & Other Buildings (7340)

akta.pro primary industry

Cooperative (Co-op) Housing Association Management (BPAJAHAC)

akta.pro secondary industry

HOA / Condominium Association Management (BPAJAFAH)

Keywords

• Residential cooperative housing
• Cooperative apartments
• Share-based housing
• Sublease rentals
• Property management

Headquarters

HQ city

Washington

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Others

Revenue model

1. Cooperative Share Ownership: Shareholders purchase shares of the cooperative building to gain occupancy rights to individual units. They pay monthly maintenance fees covering the building mortgage, property taxes, insurance, and utilities. Units can be sold to other shareholders or new buyers.
2. Sublease Rentals: Shareholders lease their units to tenants through sublease agreements. Minimum lease term is 6 months, with one lease permitted per year per shareholder. Tenants pay rent to shareholders based on terms negotiated between them.
3. Unit Sales: Shareholders sell their cooperative shares to new buyers. Sales prices range from approximately $179,900 to $349,000, with underlying mortgage credits reducing effective purchase costs.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

Claridge House Cooperative, Inc. is a residential housing cooperative in Washington, DC that provides owner-occupied and rental housing through share-based ownership. Individuals purchase shares in the cooperative to obtain the right to occupy a specific residential unit, and shareholders may sublease their units when not in residence. The cooperative is structured as a non-profit corporation that manages a multi-story residential building in the Foggy Bottom neighborhood.

Product overview

Claridge House Cooperative is a residential cooperative housing community offering ownership through share purchases and flexible leasing options. The primary offerings include residential unit sales (studios, 1-bedroom, and 2-bedroom apartments), sublease/rental units with shareholder-negotiated terms, garage parking spaces, and storage units. Additional services include in-unit maintenance programs and common area amenities such as rooftop pool, fitness center, and business center.

Differentiator

Problem solved

Functional benefit

Products and services

• Cooperative Share Ownership (Apartments) Shares in the cooperative corporation that grant the purchaser the right to occupy a designated residential unit in the Claridge House building in Foggy Bottom, Washington, DC, providing an equity-building alternative to renting.
• Sublease Rentals Rental of cooperative units by sublessees from existing shareholders on a temporary basis, providing flexible occupancy options in the Foggy Bottom building.

Quantifiable outcome

• Energy Star certified for 10 years (2015, 2016, 2018-2025) demonstrating energy efficiency above similar buildings

Named customers5 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Partnerships

One partnership is on record.

• Legum & Norman/AssociacoreOthersContracted financial management services provider for the cooperative. Handles complete oversight of building financials, including budget management and reserve studies.

Scale indicators2 records

Recent moves7 records

Expansion highlights3 records

Broad incumbents

• AKAM Associates: Established residential property management firm specializing in cooperatives and condominiums, primarily in the Northeast US — operates in the same niche as Legum & Norman/Associa for Claridge House.
• Associa: Largest U.S. residential property management company for HOAs and cooperatives; its subsidiary Legum & Norman is Claridge House's contracted management partner, making it a direct incumbent in cooperative operations at scale.
• FirstService Residential: Major North American residential property management firm serving a large portfolio of cooperatives and condominiums — comparable to Claridge House's professional management structure at much broader scale.
• Worth Ross Management Co. Cooperative and condominium property management firm serving buildings across major US markets — a direct comparable to Claridge House's professional management setup.

Others

• BuildingLink: Property management software platform used by Claridge House for shareholder services, work orders, and maintenance tracking — widely adopted by residential cooperatives and a relevant ecosystem participant.
• National Cooperative Bank: Specialty bank that finances cooperative housing purchases; named financial partner of Claridge House and serves the same buyer demographic of cooperative owner-occupants and investors.

Regional players

• 740 Park Avenue Cooperative: Prestigious Manhattan residential cooperative operating on the same shareholder-owned, full-amenity model as Claridge House — relevant as a peer on cooperative structure and high-end urban cooperative operations, though serving a different metropolitan market.

Direct peers

• River Park Mutual Homes: Long-established DC residential cooperative housing community in southwest Washington; operates the same shareholder ownership, monthly-carrying-charge model as Claridge House in an urban DC setting.
• Chastleton Cooperative: Historic residential cooperative near Dupont Circle in Washington, DC, offering full-amenity shareholder ownership in a premier DC neighborhood — comparable in building scale, governance model, and urban resident profile to Claridge House.
• Watergate East: Iconic residential cooperative located in the Foggy Bottom/West End neighborhood of Washington, DC — directly comparable to Claridge House in full-service shareholder-owned cooperative model, large-building amenity profile, and proximity to GWU and the Foggy Bottom Metro.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/claridge-house-cooperative-inc.

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CLARIDGE HOUSE COOPERATIVE, INC.