15-YEAR 421-A TAX ABATEMENT ELIGIBILITY
*TCO EXPECTED FALL 2020*
A chic Long Island City condo boasting a private terrace and an abundance of natural light, this 2-bedroom, 2-bathroom home is a contemporary expression of urban luxury and comfort. Features of this 961 sq. ft. apartment include gorgeous wide plank white oak floors, triple pane floor-to-ceiling windows with southern exposure, a central heating and cooling system, and a convenient in-unit washer/dryer.
Beyond a tasteful entryway adorned with a large coat closet, the home flows into a luminous, open-concept living, dining, and kitchen space. The living area leads out onto the terrace, while the kitchen is equipped with an eat-in peninsula, custom cabinets, sleek white marble countertops and backsplashes, and a suite of fully-integrated appliances from Bosch and Blomberg.
Both bedrooms enjoy a comfortable level of privacy thanks to a thoughtful split-wing layout. Each one has a large closet and shares easy access to a pristine full bathroom with a Toto toilet, chrome fixtures, and custom cabinetry.
The Neighborly is a brand new 7-story condominium nestled in the quiet residential neighborhood of Long Island City. A collaboration between established, forward-thinking developer, New Empire Corp., and award-winning interior designer, Paris Forino, the building is located just seconds away from a number of restaurants, cafes, bars, and shops, and is less than five minutes from the F/M/N/R/W subway lines. Amenities include a full-time doorman, a landscaped courtyard entrance, a lush Zen garden, a state-of-the-art fitness center, private study and lounge spaces, a childrens playroom, beautiful rooftop cabanas, multiple furnished rooftop decks with grilling stations, a bicycle room, dog run, storage units, private parking, and a pet spa.
THE COMPLETE OFFERING TERMS ARE IN AN OFFERING PLAN AVAILABLE FROM SPONSOR. FILE NO. C18-0434.
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