Sun-flooded 2 bed (Conv 3)/1. 5 bath duplex condo LOFT with 14'5" foot ceilings, floor to ceiling windows and semi-private roof access. Let the creativity flow this incredibly flexible floorplan gives you plenty of room for a dedicated home office, den or bedrooms. Sliding glass windows bring the outside in creating a perfectly harmonized modern home. Walking into the apartment you will be dazzled by the impressive high ceilings and greeted by a warm and inviting great room with open concept kitchen. On this floor you also have a king-sized bedroom with adjacent full bathroom and positioned in the rear of the apartment is an additional bedroom with a large double door closet. From the living area walk one flight up to your sunny full standing sleeping loft with half bath, excellent storage nooks utility closet with in-unit washer dryer. Looking to unwind after a long day or entertain friends, head up to your tranquil dedicated roof space where you can soak in skyline city views.
196 Scholes is an intimate 8-unit, pet friendly condominium. Residents enjoy the benefit of the 25 year 421-A tax abatement, whereby taxes are $4 a month. Located in East Williamsburg just 2 short blocks to the Montrose Avenue L train. Incredible value awaits in one of Brooklyn's hottest emerging neighborhoods, don't let this chance slip away, call to schedule your private showing today.
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $780,000 | $780,000 | $780,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.000% | 5.875% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.963% | 5.983% | 5.805% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,187 | $4,614 | $6,425 |
Total Monthly Payment | $4,279 | $4,706 | $6,517 |
* 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.