CLOSINGS HAVE BEGUN Introducing the Garden Residence at 406 Midwood Street - An exceptional, 3-bedroom garden duplex with an amazing sunken courtyard. Enter through the foyer into a bright and airy whitewashed space with high ceilings and wide-plank oak floors. The fully outfitted kitchen features stunning black cabinetry and matte black appliances, as well as polished Carrera white and gray marble backsplashes and white countertops.
There are two generously sized bedroom on this level with easy access to a full bathroom featuring beautiful black & white Carrera marble walls and a glass-enclosed bathtub & rainfall shower. Downstairs awaits the playground of your dreams, a massive 25' deep lower level with sliding glass doors leading out to your private sunken courtyard. Light pours in throughout the day from this tranquil spot; the generous proportions of the lower level make it ideal to add on a bright & airy bedroom and to convert the existing powder room into a full bathroom. Refer to the alternate floor plan for further design inspiration. Central air, integrated LED lighting under cabinets and in-unit washer & dryer complete the standout features of this residence!
For a limited time, get $30, 826 credit at closing which includes two years' worth of common charges and coverage of city and state transfer taxes. Complete offering terms are in an offering plan available from the sponsor, file no. CD22-0197.
406 Midwood is a striking new development in the heart of Prospect Lefferts Gardens, inspired by the Art Deco movement. The building offers 10 distinguished residences with most units offering private outdoor spaces, as well as a beautiful courtyard and roof deck. Perfectly situated in PLG, residents are just a few blocks away from Prospect Park as well as the 2/5/B/Q/S subway lines and several bus routes. Cherished local markets (including Flatbush Coop), independent cafes and restaurants dot the quiet residential streets. There are multiple parks, hospitals, public and private schools as well as houses of worship, with something for everyone in this vibrant neighborhood.
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Our Executive Mortgage Banker:
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $799,999 | $799,999 | $799,999 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.795% | 6.472% | 5.966% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,605 | $4,991 | $6,697 |
Total Monthly Payment | $4,697 | $5,083 | $6,789 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.