Handy-Man Special! 10% Down Permitted Income restrictions apply. Welcome to 1212 Ocean Avenue, Unit 6E, a cozy co-op outlining Fiske Terrace-Midwood Park Historic District. This charming pre-war building offers a unique opportunity for those with a vision to create their dream home. While the unit could use some tender loving care, it brims with potential, ready to be transformed into your personalized urban sanctuary. Located within the vibrant and diverse neighborhood of Flatbush, you're just steps away from an array of amenities. Enjoy leisurely strolls in nearby Prospect Park or catch the latest indie flicks at the Brooklyn Center for Independent Cinema. You'll have convenient access to public transportation, including the 2, 5 train at Flatbush Av-Brooklyn College and B and Q trains just 4 blocks away -- making commuting to other parts of Brooklyn and Manhattan is a breeze. Flatbush is home to a mix of trendy cafes, delicious eateries, and local shops. For those with pets, you'll be pleased to know the building is pet-friendly with board approval, welcoming your furry friends to join you in your new abode. The pre-war construction ensures you'll be surrounded by unique character and charm that you won't find in modern high-rises. Seize the chance to make this Flatbush gem your own. This building allows a down payment of 10%. Please note that this is an HDFC property with income restrictions of 120% of AMI. Maximum income limits are detailed here. 1 Person $130, 440 2 People $149, 160 3 People $167, 760 Bring your contractor and start envisioning the potential of 1212 Ocean Avenue, Unit 6E. Don't miss out on this fantastic opportunity to transform a space into your personalized oasis in one of Brooklyn's beloved neighborhoods!
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$115,000
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 | $92,000 | $92,000 | $92,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 5.990% | 4.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.398% | 6.161% | 5.152% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $559 | $551 | $722 |
Total Monthly Payment | $634 | $626 | $797 |
* 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.