Make this charming 3 Bed/1 Bath prewar apartment your new home in Bay Ridge! Unit #B1 boasts over 1, 000 ft and features a generous and open classic 6 layout, which includes two spacious bedrooms, and an additional third room, which can be used as a bedroom, dining area, or home office. All rooms have bright exposures and plenty of closet and storage space. The sizable living area has enough space for both your living and dining room furniture. The separate kitchen is tastefully upgraded with custom wooden cabinetry, stone countertops, and stainless steel appliances, including a dishwasher. Additional features include a windowed bath fitted with a tub, pristine tiling, and modern fixtures, hardwood flooring throughout, as well as plenty of additional closet and storage space. 7401 Fourth Avenue is a well-maintained prewar Co-Op building located in prime Bay Ridge, featuring an elegantly restored lobby and amenities such as a live-in super, elevator, updated laundry facility, storage, and a bike room (based on availability). It is extremely convenient to local transportation, such as the R train at 77th St. , and only a short jaunt from local shopping and neighborhood favorites such as Piccante, South Brooklyn Foundry, Lombardo's, Shangri-La, and Gino's. Maintenance includes heat, hot water, and real estate taxes. Cats are permitted.
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$495,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $396,000 | $396,000 | $396,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,668 | $2,632 | $3,340 |
Total Monthly Payment | $2,743 | $2,707 | $3,415 |
* 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.