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February 21, 2018

Florera - Green Lake Condominiums Coming Back to Market

FloreraSome of you might remember when Florera originally came to market back in 2008. It is a building  located at 413 NE 70th St in the heart of Green Lake. There are 59 condos built with sustainable materials ranging from 578 square foot studios to 1,215 square feet two bedrooms. The building is LEED certified and has amenities including a rooftop deck, courtyard and party room.

Unfortunately for Florera, it came to market right as the recession kicked in affecting real estate throughout Seattle and the country. The majority of the condominium units in Florera were rented out and remained that way until now. As renters vacate their condo units, those units are being offered for sale so this is a great opportunity to snag a condominium in desirable Green Lake. There are very few condo building in Green Lake and Florera's pricing is now starting in the low $400,000s so this will open up quite a few options for folks who love this location. They are also offering to sell units that are tenant occupied so if you are an investor you have the chance to purchase a condo unit that is already leased up, which is a nice bonus.

If you are thinking about purchasing at Florera let us know as we have been in close contact with the Seller's agent and have a lot of information that we are happy to share with you about the building, the purchase process and the current challenges with financing.

By Marco Kronen with Seattle Condo Review: A guide to Seattle downtown condos.