Stretch out and relax in this spacious one-bedroom, one-bathroom co-op in the heart of residential Bay Ridge, minutes from waterfront outdoor space and great restaurants. Inside this expansive home, you are welcomed to beautiful garden views, a long gallery entry introduces soaring ceilings, hardwood floors, and a convenient coat closet. Ahead, the large living room provides a generous footprint for seating and dining areas alongside oversized windows. In the windowed eat-in kitchen, you’ll find gleaming tile floors, abundant cabinet and pantry space, tile backsplashes, full-size appliances, and plenty of room for a café table. Enjoy a king-size bedroom with space for a home office area and a windowed full bathroom with a large tub/shower. Two more large closets ensure storage will never be a concern in this beautiful Brooklyn home. Built in 1928, 7101 Colonial Road is a stately elevator cooperative where residents enjoy a gorgeous lobby, live-in superintendent, a state-of-the-art laundry room, storage, a bike room, and a courtyard. Cats and dogs up to 40 lbs. are permitted. Subletting is allowed for two years after two years. Located on a tree-lined street, this Bay Ridge home is close to fantastic dining and shopping along 3rd and 5th Avenues. Breathtaking bridge views, recreation and green space are found just blocks away at Owl’s Head Park and Shore Road Park. Excellent express bus service, the R train, Bay Ridge Ferry Terminal, Belt Parkway, Gowanus Expressway and Verrazano-Narrows Bridge provide easy access to the rest of the city and beyond.
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Our Executive Mortgage Banker:
Our Insurance Division:
$380,000
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 | $304,000 | $304,000 | $304,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 5.990% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.470% | 6.161% | 5.248% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,847 | $1,821 | $2,402 |
Total Monthly Payment | $1,922 | $1,896 | $2,477 |
* 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.