$725,000

Why Rent When it is much Less Costly to Own?

The Epitome of Modern Living in The Heart of The Brooklyn Navy Yard. Welcome home to a triple-mint one bedroom in the award-winning Navy Green, a LEED-certified new development designed by FXFowle Architects. Presenting a special opportunity to own a luminous 718 SF condo with absurdly low common charges, 421-A abatement and a fantastic amenity package - all for under $1,100 per SF! Tax abated for another 19 years (Exp 2042), this home is both a sustainable asset and a fantastic investment opportunity with the potential to achieve a 4.7% cap rate cash on cash return.

Soaring on the 11th floor with eastern exposure & city views, the apartment also showcases sleek 5" white oak floors and graciously-sized rooms with oversized picture windows, and abundant closet space including a walk-in. Pass through the open kitchen featuring quartz countertops, ceramic backsplash, full-sized stainless steel appliances made by Bosch & Kitchenaid, and custom white cabinetry into a spacious living/dining area filled with natural light. Wake up from the sun gleaming into the bedroom that's large enough for a king-sized bed and a workstation for those (wfh) working from home! After a long day, the spa-like bathroom awaits...outfitted in porcelain wall tiles, chrome fixtures and smoked walnut finished vanity with solid surface sink.

Navy Green's on-site amenities include: 30,000 square feet grassy courtyard and garden, beautifully landscaped roof deck with BBQ and views of the East River, Manhattan, & Downtown Brooklyn, elegantly designed glass-framed lobby with seating area, two elevators, fitness room, bike room, cold storage, laundry room, superintendent services, and last but not least, a cloud-based smart intercom system.

The Navy Yard is one of the most exciting revitalizations in New York City. This historic landmark dating back to the 17th century is now a major hub & community of makers, creatives, tech-visionaries, artists, architects, foodies. Within close proximity are Wegman's Food Markets and the highly-anticipated The Hall Development which consists of 10 buildings, over 650K SF and new home to retail, restaurant and creative offices. Building 77 and 92 are home to well-known hotspots such as Russ & Daughters, and Transmitter Brewing - WeWork and the NYC Ferry are directly across Building 77 at the end of the block. Take advantage of a leisurely, open-air commute directly into Downtown & Midtown Manhattan!

This Brooklyn cultural district borders Clinton Hill, Fort Greene, Bed-Stuy, Dumbo and Williamsburg. Located moments away from Fort Greene Park, Myrtle Ave & Dekalb Ave, a pair of Brooklyn's hottest culinary streets. There are plenty of options for public transportation: CitiBike across the street, B57/B69/B62 buses right around the corner, F line on York and A, C, F &R lines on Jay St - MetroTech, and G line on Clinton-Washington Ave. Extremely easy access onto the BQE, Brooklyn Bridge & Manhattan Bridge!