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First-time buyers may be eligible for a 5. 875% 30-year fixed rate for this purchase!
Palatial two-bedroom, two-bathroom home in one of the area's most sought-after, pet-friendly, co-op buildings!
Upon entering, you will know right away what separates this home from the others as there is so much space here and so many different ways to make use of it! The home has three exposures - southern, western and northern - and lots of light, with leafy green views from every window. The foyer is absolutely massive, and due to its shape and location in the apartment, can easily be used as a formal dining area or home office.
Adjacent to the foyer is a huge eat-in kitchen which is a perfect blend of open and private. There is a large area for a table, a breakfast bar, lots of counter and storage space, dishwasher, and a large window with a leafy, western view.
Across the foyer from the kitchen is the enormous living room which has southern exposures and trees right out your windows. This area is also big enough to add a formal dining space in addition to your living space should you choose to.
Down the hallway from the living room you will find two giant bedrooms. Both have three windows and two exposures. The primary bedroom has an en-suite bathroom with a shower stall, and two large closets. Due to the double exposures, there is the potential to create an extra, windowed room that would work great as a den or a study.
B12 has been recently updated with a new kitchen and bathrooms. There is a coveted, in-unit, washer/dryer hook-up. There are 11 windows in the apartment, six closets, and hardwood floors throughout.
Berkley Square is an excellent co-op with lots of amenities and very strong financials. Extremely affordable maintenance, high value assets, and additional rental income make this is a very sound building in which to invest. Pets, including dogs, are allowed, and the building has brand new elevators, door attendants, a live-in super, a full-time porter, free bike storage, and a common outdoor space. Extra storage is available for rent (possible waitlist) and parking is $125/month (waitlist). Conveniently located close to Prospect Park, the B and Q trains at Church Avenue, Cortelyou Road and Church Avenue amenities, and the newly revamped King's Theatre. Less than a mile from the new Kensington Dog Run.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,125,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@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 | $900,000 | $900,000 | $900,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.375% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.486% | 6.307% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,252 | $5,615 | $7,656 |
Total Monthly Payment | $5,377 | $5,740 | $7,781 |
* 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.