1000 New Jersey Avenue SE # 1224

Sophisticated Navy Yard living meets a financing opportunity that is increasingly hard to find. This beautifully appointed two-bedroom residence at Capitol Hill Tower offers a private balcony, garage parking, and an underlying mortgage of approximately $145,000 at just 2.89%. That exceptionally low-rate mortgage conveys with the home, reducing the amount a buyer needs to finance conventionally and creating meaningful monthly savings from day one. Inside, soaring 10-foot ceilings and dramatic floor-to-ceiling windows bring a sense of scale and natural light to the open living and dining spaces. Hardwood floors extend throughout, while a private west-facing balcony overlooks the buildings beautifully landscaped interior courtyard, offering a peaceful retreat from the energy of the city. The open kitchen is thoughtfully designed with stainless steel appliances, gas cooking, abundant cabinetry, and generous preparation space, equally suited to everyday living and entertaining. Both bedrooms are generously proportioned with large walk-in closets, while a well-appointed dual-entry bath provides convenient access from both the primary bedroom and hallway. An in-unit washer and dryer completes the home. The monthly co-op fee of $1,609 is notably comprehensive and includes the underlying mortgage payment of approximately $670 per month at 2.89%, association dues of $632 per month, and property taxes of $307 per month. A garage parking license also conveys with the residence, with a separate monthly maintenance fee of $99.47 paid directly to the garage operator. Capitol Hill Towers cooperative structure also offers a surprisingly accessible path to ownership. The minimum down payment is just 10%, calculated only on the difference between the purchase price and the underlying mortgage balance. At a $474,900 purchase price with an approximately $145,000 underlying mortgage, the amount subject to the minimum down payment would be $329,900, resulting in a minimum down payment of approximately $32,990. The combination of a lower cash requirement and the assumable 2.89% underlying mortgage creates a compelling alternative to a traditional condominium purchase. For investors, Capitol Hill Tower is equally appealing, with no rental restrictions beyond a six-month minimum lease term. Residents enjoy a full-service amenity experience that includes a 24-hour concierge, newly renovated fitness center, indoor pool and spa, resident lounge and club room, and an expansive landscaped courtyard with water features, gas grills, and multiple gathering spaces. Additional conveniences include an on-site Sweetgreen and complimentary Starbucks coffee bar. Recently refreshed hallways and common areas lend the building a polished, contemporary feel without the premium associated with new construction. And then there is the location. Metro and Whole Foods are just one block away, while Yards Park, Harris Teeter, VIDA Fitness, acclaimed restaurants, neighborhood cafs, shopping, and nightlife are all within a few blocks. At Capitol Hill Tower, sophisticated interiors, exceptional amenities, garage parking, and one of Navy Yards most convenient locations come together with a financing structure that is increasingly difficult to replicate.