17 Chapel News

December 15, 2011

Downtown Albany Dining Options to Include Brazilian Grill

Category: Articles,General,Sales — Tags: albany restaurants, carmine spiro, condo amenities, Downtown Albany, dowtown albany condos, yono's, yono's albany — 9:53 am

One of the great things about downtown Albany is all of the great food! Within a short walk from 17 Chapel are:

Angelo’s 677 Prime
Brown Derby
Cafe Capriccio
dp: An American Brasserie
Jack’s Oyster House
Marche at 74 State
Taste
Yono’s
and many more!

If that wasn’t enough variety, a special new arrival to the culinary offerings is coming in February 2012 – a Brazilian grill run by Carmine Spiro, the longtime restaurateur and host of cable TV cooking show, “Carmine’s Table”.

Carmine’s Brazilian Grill will be a carnivore’s dream – in this fixed-price, all-you-can-eat restaurant, waiters will bring skewers of churrasco-grilled meats to tables, where they will carve and serve cuts of beef, lamb, pork, and chicken to guests.

Mayor Jerry Jennings told The Business Review that the restaurant will create more than 35 full- and part-time jobs and will be “an exciting component of our downtown residential initiative.”

See more in:

All Over Albany: “Carmine Sprio opening Brazilian steakhouse in downtown Albany”

The Business Review: “Chef Carmine Sprio to open Brazilian restaurant in downtown Albany“

Residents at 17 Chapel receive special offers from local dining establishments in downtown Albany. See our amenities page for details about our Culinary Concierge service.

December 7, 2011

Benefits of Owning a Condo vs. a House

Category: General,Sales — Tags: albany condo, albany homes for rent, albany luxury apartments, Albany NY, albany ny rentals, albany single-family home, buy a house in albany, buying a condo, condo, condo home ownership, luxury condo, single-family home, tax savings — 8:35 am

Being a homeowner means enjoying the freedom of having a space that you can truly make your own. And owning your home is certainly a better value than renting. But what if you could still have the freedom of unlimited customizations, the financial benefits of earning equity on your housing payments, but with the added benefit of a built-in conveniences and lower monthly costs?

You can with a condo home. Living in a condominium can offer all the freedom of a single-family home but at a much lower cost. To demonstrate the great savings of a condo home at 17 Chapel, we broke down the costs of condo ownership compared with single-family homes in Albany.

Condo vs. House

Click to download this as a PDF file which includes important disclosures and assumptions used above.

As the chart shows, the real cost of owning a condo at 17 Chapel is much less than owning a single-family home of the same value. For instance, the Empire 405 condo at 17 Chapel costs only $2,191 per month. This compares very favorably with a single family home of almost the same value in the area, which would cost $3,111 per month, based on a mortgage with a 20% down payment.

Another thing to calculate when considering condo ownership is all of the money you can save on home maintenance. The total prices listed for 17 Chapel include projected common area maintenance costs. Hiring contractors (or buying equipment) to plow snow, mow lawns and make exterior repairs would easily add thousands of dollars per year to the costs of a single-family home. Not to mention the headache of making sure these things get done!

Our condos offer large rooms, ample windows and high ceilings, so you’ll still live comfortably in a spacious home. Additionally, each homeowner at 17 Chapel has access to a secure, heated indoor garage, furnished roof deck, and fitness center, all onsite. These perks add even more value to your home.

Both single-family homes and condominiums allow you the control and financial benefits of being a homeowner, but only a condo like 17 Chapel Boutique Condominiums provides the most value for your investment.

December 6, 2011

Heated Garage Parking Takes the Edge off Winter!

Category: General,Sales — Tags: condo amenities, condos in downtown albany, Downtown Albany, heated garage, indoor garage, luxury condo, secure garage, snow, winter — 1:21 pm

Winter can be a lot more manageable with the convenience of living at 17 Chapel Boutique Condominiums.

No matter whether it’s sunny, rainy, snowing, or sleeting, you and your vehicle stay safe and warm inside the heated, secure, indoor garage at 17 Chapel. By moving to a condo you can leave your shovel behind and forget about the “plow guy.”

Every condo at 17 Chapel includes a parking space – with additional parking and storage units available for purchase. Park right in the building and our high-speed elevator takes you up to your residence. The indoor garage is super convenient, and it’s just one of the many amenities that make 17 Chapel the most luxurious address in downtown Albany.

December 1, 2011

How Buying a Luxury Condo is More Affordable than Renting

Category: General,Sales — Tags: albany apartments for rent, albany condo, albany luxury apartments, Albany NY, albany ny rentals, apartment, buying a condo, condo, luxury condo, rent, savings — 9:07 am

Renting your home may seem more convenient, but when you drill down to the costs of apartment rent each month and the benefits gained from owning your home, the truth is that you actually save a lot of money by owning a luxury condo. Living in a condo offers many financial incentives that put money back in your pocket – not your landlord’s.

To demonstrate the great savings of a condo home at 17 Chapel, we analyzed the cost breakdown of condo ownership compared with luxury apartment rentals in the Albany area.

Click to View Full Size

Click to download this as a PDF file which includes important disclosures and assumptions used above. As the chart shows, the real cost of owning a 1,455 s.f. Mohawk floor plan at 17 Chapel is only $1,364 per month. This compares very favorably with high-end rentals in the area that start at $1,395, especially considering the size, features, amenities and location of our condos. Also, by paying these amounts over 10 years, you will build $55,365 in equity. This is something you can take with you, should you decide to sell your condo.

There is another major benefit to being a home owner. Because it’s yours, we will completely customize it the way you want it! Each resident at 17 Chapel gets a complimentary appointment with our interior designer, Valerie DeLaCruz.

Both luxury apartments and condos offer deluxe accommodations and amenities, but only a condo like 17 Chapel Boutique Condominiums provides value that grows.

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