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This purchase may qualify for a 5. 875% 30-year fixed-rate loan!
Rare opportunity to own an efficiently designed three bedroom home in one of the area's most sought-after pet-friendly co-op buildings!
As you enter, the first thing you will notice is a well laid out open-concept kitchen/living/dining set-up that is perfect for daily life and entertaining. The spacious and well-designed windowed kitchen has stainless steel appliances, quartz counter tops, under cabinet lighting, undermount sink, breakfast bar, and tons of counter and cabinet space. The massive living room has plenty of room to add a home office area, and is outfitted with a custom designed bookcase. Adjacent to the living room, and right next to the kitchen, is a perfect spot for a formal dining table.
The primary bedroom has a huge corner window, as well as a second window, with northern and western views of leafy green trees and the Knickerbocker Tennis Club. The second and third bedrooms are both well-sized, and one of them is currently outfitted with a custom made Murphy bed. The bathroom is windowed, and has a nice vanity with plenty of storage and a quartz countertop.
Everything in this home was completely gut renovated in 2018 including brand new oak flooring, new wiring and plumbing, and new walls, doors, window casings, moldings and radiator covers. There is also a coveted in-unit W/D, recessed lighting, and ceiling fans.
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:
$950,000
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 | $760,000 | $760,000 | $760,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.875% | 6.500% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.335% | 6.612% | 6.433% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,496 | $4,804 | $6,516 |
Total Monthly Payment | $4,588 | $4,896 | $6,608 |
* 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.