Anyone who has been in Old City in the last few years knows about the National. As is typical in new construction, while the sales center is wrapping up the last 20% of sales, people who bought early are starting to sell. This is often the best time to get a deal.
Unit 3e3 in the 10-story building on Bread Street has just hit the market. It’s an 1,106 sq.ft. 2-bedroom, 2-bath corner unit with a balcony overlooking Bread and a full-size parking spot in the underground garage. More importantly, because it was purchased at pre-construction prices, the owner is able to sell it for substantially less than what similarly sized units are being sold for by the developer. This unit is listed for $519,000 and is fully upgraded while the same size units in the same building without upgrades are being sold by the developer for $560,000+.
What’s the bottom line? In this market, it’s hard to find homes where you can feel confident that you’ve bought with equity built in. Not only do you get equity here, but you get a beautiful new home in one of the most secure developments in the city.
