PRIVATE PARKING AND STORAGE IN PRIME LOCATION1525 interior sf 59 Exterior sf 46 sf Storage Unit 2 Full-Size Parking SpotApartment 5B is located in one of the most popular buildings in the neighborhood: 868 Lorimer Street. This floor-through 3 bedroom, 3 bathroom condo apartment with triple exposures is a rare opportunity on McCarren Park. It spans 1, 525 interior square feet and 59 private exterior square feet, PLUS an additional private storage unit and TWO deeded parking spots. After accessing the building through either of the two entrances on Lorimer Street or Manhattan Avenue, the elevator takes you up to the fifth floor where you share a landing with one other neighbor. There is room outside your front door for a bench to take off shoes or rest kick-scooters and helmets. Entering the apartment, an entry hall provides ample space for artwork and includes a coat closet. To the left is the kitchen with custom Italian cabinetry, Jet Mist granite countertops, stainless steel appliances (including wine refrigerator and built-in microwave), and a large island with breakfast bar. Beyond is the open living space with room for both living and dining sets. A balcony off the living room overlooks the Manhattan skyline and has a gas hookup with grill, water line and lighting. The first of three bedrooms will be found on this side of the apartment. Its positioning provides flexibility to be used as a bedroom, guest room or home office. On a corner, it has multiple windows with lots of light and views of Manhattan. Next to this bedroom is the first of the three full bathrooms; this one with a shower. Heading to the other side of the apartment, two more bedrooms face East with their own en suite bathrooms. The expansive primary suite has double exposures and views of Manhattan from both the bedroom and bathroom. The bedroom can fit a King-sized bed, side tables, dresser, and even an additional seating area or desk. The walkthrough closet is appointed with custom California Closets for elegant and organized storage. It leads to the windowed, en-suite five fixture primary bathroom with Italian porcelain slab walls and floors, double vanity sinks, deep soaking tub and walk-in steam shower. The third bedroom also enjoys plentiful space and its own en-suite bathroom with hanging vanity and deep soaking tub. In the hall is an in-unit washer/dryer. Throughout the apartment are 5-inch white oak plank floors, an independently zoned HVAC system, and state-of-the-art energy recovery ventilation unit. Light shines through this apartment all day with triple exposures East, West, and North. This unit is being sold with a private tandem parking space with room for two cars, and a private storage unit. All are accessible via elevator straight to the basement. Located at the nucleus of Greenpoint and Williamsburg, 868 Lorimer on the Park could not be more primely positioned. Your front yard is McCarren Park, and your backyard is full of amazing shops and restaurants along Manhattan Avenue. The G train is at the end of the block, connecting to the E, M or L, getting you into Manhattan in minutes. The building staff includes a Super (who can help with packages) and porters. A full-time virtual doorman system always ensures access and visibility. There is also bicycle storage, a multi-media room with Peloton Bike & Tread, children's playroom, and an open interior courtyard. Please note these taxes include the primary residence abatement; consult your attorney or accountant.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,996,000 | $1,996,000 | $1,996,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.955% | 6.612% | 6.182% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $11,490 | $12,616 | $16,843 |
Total Monthly Payment | $11,615 | $12,741 | $16,968 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.