1701 Albemarle Road, #B12, Brooklyn (Prospect Park South), NY, 11226 | $1,125,000

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.

Features

  • Town: Brooklyn
  • Cooling: Unknown Type
  • Levels: 6
  • Amenities: Alarm System; Bike Room; Garage; Laundry Room; Private Storage For Fee;
  • Rooms: 4
  • Bedrooms: 2
  • Baths: 2 full
  • Complex: Berkley Square
  • Year Built: 1927
  • Pet Policy: Pets Allowed
  • Washer/Dryer Allowed: Yes
  • Building Access : Elevator
  • Service Level: Part Time Doorman
  • LobbyAttendant: No
  • OLR#: RPLU5123039148
  • Days on Market: 30 days
  • Website: https://www.raveis.com
    /prop/RPLU5123039148/1701albemarleroad_brooklyn_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
Listing courtesy of Douglas Elliman Real Estate

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Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.Alvarez@Raveis.com

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1701 Albemarle Road, #B12, Brooklyn (Prospect Park South), NY, 11226

$1,125,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah Alvarez

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.