The developer is currently offering a one-year of paid common charges.
Down payments as low as 5% and mortgage rates as low as 5. 625% are available through our preferred lenders for those who qualify.
Introducing Bushwick Avenue Lofts - Three Model Residences Now Open.
Residence 2A is a 1-bedroom, 1-bathroom home spanning 670 square feet and offering southeast exposures. The residence features central air and a LionBeam Bluetooth integrated sound system with built-in speakers in the living rooms and kitchen that's perfect for the music aficionado. The expansive living/dining room is framed by oversized casement windows that flood the space with light and offer charming Brooklyn views. The open kitchen features quartz countertops, custom grey cabinetry with an under-cabinet shelving detail, and a Blomberg appliance package including a dishwasher.
The bedroom suite features an oversized closet and a serene bathroom complete with a rain shower and hand shower. Additional features of the home include a LG stacked washer and dryer in black steel and central air.
Bushwick Avenue Lofts is a collection of 12 condominiums including one- and two-bedroom residences, most with private outdoor space. Thoughtful amenities include a landscaped roof deck with a grill and skyline views and a virtual doorman. Parking is available for purchase. Bushwick Avenue Lofts is perfectly located in one of Brooklyn's most dynamic neighborhoods. Situated on a picturesque leafy block, it is moments from independent galleries, exciting nightlife, restaurants,
and bars. Nearby greenspaces include Thomas Boyland Park and Irving Square Park. Ideally situated for transportation, Manhattan is accessible in under 30 minutes with L/J trains, and Citibikes are conveniently docked outside the building.
This is not an offer for a lease or a loan nor a guarantee of any specific pricing or terms. Mortgage lenders make their determinations on the availability, pricing, and terms of loans being offered based on the individual qualifications of each buyer. Pricing and terms are also subject to change with market conditions.
This is not an offering. The complete Offering Terms are in an Offering Plan available from the Sponsor. File No. CD19-0217. Sponsor: 1411 Bushwick Avenue Development LLC. Sponsor Address: 590 Madison Avenue, 21st Floor, New York, NY 10022. Equal Housing Opportunity.
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $511,200 | $511,200 | $511,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.352% | 7.042% | 6.160% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,358 | $3,358 | $4,279 |
Total Monthly Payment | $3,450 | $3,450 | $4,371 |
* 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.