1000 New Jersey Avenue SE , #1221

Description

Step into elevated, west-facing city living at Capitol Hill Tower, where unit #1221 at 1000 New Jersey Ave SE offers a light-filled, pet-friendly studio high above the heart of Navy Yard. This thoughtfully designed home spans 562 square feet, with an open layout that seamlessly blends living, dining, and sleeping areas. Expansive windows flood the space with natural light, highlighting hardwood floors and soaring 10-foot ceilings.The modern kitchen features gas cooking and generous cabinetry, ideal for everyday living or casual entertaining. An in-unit washer and dryer add convenience, making this home as functional as it is inviting.Here’s where this property truly stands apart. By assuming the underlying mortgage at 2.89%, you effectively reduce your purchase price by $120,000. That means you are only financing approximately $155,000.The all-in monthly co-op fee is $1,285 and includes:$535 underlying mortgage payment (on $120,000 at 2.89%)$505 association fee$245 property taxesWith just 10% down on the $155,000, this is one of the most accessible ownership opportunities in Navy Yard. Even better, there are no rental restrictions beyond a six-month minimum lease, making this a rare, investor-friendly co-op. Rental parking is also available.Capitol Hill Tower delivers a full-service lifestyle with a 24-hour concierge, newly renovated fitness center, and an indoor pool and spa for year-round use. Residents enjoy a stylish lounge and club room, a landscaped courtyard with water features, gas grills, and multiple seating areas. Additional perks include an on-site Sweetgreen and a complimentary Starbucks coffee bar. Recently updated hallways and common areas offer a fresh, modern feel without the premium of new construction.Location is everything, and this one delivers. Just one block to the Metro and Whole Foods, and two blocks to Yards Park, Harris Teeter, Vida Fitness, and some of the best dining and nightlife in the city.