Nestled in the heart of landmarked Bed-Stuy, this historically significant Romanesque Renaissance Revival mansion, originally designed by architect Peter Lauritzen for clothier Wilson Randolph in 1890, personifies classic style and historic charm. Enter this inviting 1 bedroom, 1 bathroom home located on the second floor and you'll immediately be struck by such standout features as towering 10' 10" ceilings, wide plank pine floors in the living area and kitchen, crown and baseboard moldings and an inviting open kitchen to host friends and family alike. The updated and airy space offers a cozy bedroom with original parquet oak floors with inlayed border and is separated from the main living area by an oversized repurposed and restored antique door hung on sliding tracks. The living area is large enough for dining that comfortably sits 6 or more, a separate sitting area and a sizable entry foyer. Enjoy the open kitchen with butcher block countertops, a breakfast bar, plenty of open shelving to the ceiling, newly painted cabinetry, stainless steel appliances, a Smeg refrigerator and a farmhouse sink. The sweet bathroom tucked away by the kitchen offers updated fixtures, an oversized medicine cabinet, black and white floor tile and subway-tiled walls. Rear-facing and quiet, this unit benefits from a new paint job throughout, as well as sanded and refinished floors, brand new windows and a new dishwasher. 237-39 Hancock Street is located just one block from thriving Tompkins Ave. in central Bed-Stuy and is in close proximity to restaurants, bars, independent boutiques, and shops, including Peaches Hothouse, Café Calaca, Fat Doughnuts, L’Antagoniste, and Saraghina Pizza and Bakery. Herbert Von King Park and various community green spaces are in close proximity. Near the A/C subway at Nostrand Avenue, the C subway at Kingston-Throop, the LIRR at Nostrand, and several bus routes, this pet-friendly building features on-site laundry, a spacious shared backyard, free bike and storage areas in the basement. Please note that this is an HDFC co-op building with income restricted at 120% of AMI as defined each year by the US Department of Housing and Urban Development. Under the current definition, a one-person household income cannot exceed $130, 440 per year. A two-person household income cannot exceed $149, 160 per year. Subletting restrictions apply.
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William Raveis Mortgage, LLC
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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 | $380,000 | $380,000 | $380,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.490% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.681% | 6.678% | 6.034% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,592 | $2,399 | $3,156 |
Total Monthly Payment | $2,667 | $2,474 | $3,231 |
* 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.