**APPROVED 421-a TAX ABATEMENT**
TCO IN PLACE
A brand new corner condo graced with sleek finishes and a layout that maximizes space and natural light, this stunning 1-bedroom, 1-bathroom home strikes the perfect balance between tastefulness and efficiency. Features of this 598 sq. ft. apartment include a massive terrace, gorgeous white oak flooring, huge windows with southern and eastern exposure with city views, and a convenient in-home washer/dryer.
Beyond an elegant entryway foyer adorned with a coat closet and a full bathroom, the home flows into an expansive, open-concept living room, dining room, and kitchen. The kitchen is equipped with custom MLAM cabinetry, Caesarstone quartz countertops, and a suite of fully-integrated appliances from Liebherr and Blomberg. The bedroom has a pair of reach-in closets and a pristine en-suite with polished nickel fixtures, a floating vanity, and Stone Source floor.
A collaboration between Silverback Development and Woods Bagot, Hero, is a full service building with attended lobby, and offers residents 15,000 sq ft of thoughtful
amenities. These include an incredible rooftop deck with BBQ grills along with an integrated sky lounge and breathtaking city views, a state-of-the-art wellness center, a yoga studio with a 3,000 sq ft veranda featuring dramatic 30-ft ceilings, a multipurpose dining space, a package room, bicycle storage, a relaxing lounge, a pet spa, and a Zen garden. The building is surrounded by restaurants, cafes, bars, and shops with easy access to the stunning Long Island City waterfront. The 7/N/W/R/E/M/G subway lines are just seconds away and multiple Citi Bike locations surround the building.
With the recent unprecedented rate cut by the Federal Reserve, banks have been inundated with people looking to take advantage of lower interest rates. Because of the overwhelming demand, we have not yet seen a huge reduction in mortgage rates. While we aren’t there yet, it is likely that we will see a dramatic shift in the upcoming months, which raises the question, “What does a 1 point difference in interest rate do for my bottom line?”Read more