Price Correction to $319, 000.
Come take a look at this large 1 BR in a well-maintained prime Bay Ridge Elevator Coop.
A gem nestled in the heart of Bay Ridge. This spacious one-bedroom with high-celings, hardwood floor, high ceilings and a window in every room. . . . is a blend of classic charm and contemporary comfort.
The home's living room offer ample space for a large dining table and makes entertaining a breeze. The windowed eat-in-kitchen, equipped with a gas stove is a cook's dream. It offers plenty of cabinets, a spacious area to prepare your favorite meals and an adjacent eat-in area that seats 4 for easy entertaining.
The king-sized bedroom features two windows, sizable closets, and ample space that could be utilized for a home office, exercise/yoga area, or reading nook.
The spacious bathroom, with combination shower/tub, complete with a window, adds to the overall comfort of the home.
The elegant pre-war elevator building is well-maintained and comes with a live-in superintendent. It also features a beautiful common garden and a large laundry room in the basement for added convenience.
Bay Ridge is a vibrant community, offering a range of amenities to cater to a variety of lifestyles. Enjoy the welcoming neighborhood atmosphere, with easy access to a variety of dining, shopping, and recreational options. 86th Street in Bay Ridge is home to THE GAP and BANANA REPUBLIC as well as lots of other great stores, restaurants, cafes, and neighborhood specialty stores. This home is located close to a wonderful park - Owls Head Park - with amenities like basketball courts, a playground area, a spray pool, and a popular skate park fall within its borders. There is also a 150-foot long by 40-foot wide dog run where dogs can romp and run with fellow canines. Experience the perfect balance of classic charm and modern living at 7101 Colonial Road.
Also close to the BQE as well as the R express train at Bay Ridge Avenue.
This is the home you've been waiting for.
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Our Executive Mortgage Banker:
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$319,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $255,200 | $255,200 | $255,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,698 | $1,696 | $2,188 |
Total Monthly Payment | $1,773 | $1,771 | $2,263 |
* 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.