** LIMITED TIME OFFER: SPONSOR PAY THE FIRST YEAR REAL ESTATE TAX. **CITIZENS BANK LIMITED TIME OFFER: UP TO $10, 000 TOWARDS DOWN PAYMENT AND CLOSING COSTS. Welcome to 156 Somers Street, a stunning new development featuring a boutique 10-unit condominium located in the heart of Brooklyn. This modern building seamlessly combines contemporary design with everyday functionality, offering residents a unique urban living experience. The building features resident roof deck and an elevator for your convenience, ensuring easy access to all floors. Each unit is thoughtfully designed with one- to two-bedroom layouts, some of which include private outdoor spaces, perfect for relaxing and entertaining guests. Inside, you’ll find spacious units that boast high ceilings throughout, creating an airy and open atmosphere. The custom-made chef’s kitchens are a culinary enthusiast’s dream, complete with beautiful islands that provide ample space for cooking and socializing. Elegant wood floors add a touch of sophistication, while floor-to-ceiling windows flood the space with natural sunlight, enhancing the overall ambiance. Each unit is equipped with modern conveniences, including a washer and dryer, as well as a dishwasher, making daily chores effortless. The building is pet-friendly, welcoming your furry companions to enjoy the luxurious lifestyle with you. Additionally, an open sublet policy provides flexibility for homeowners, whether you're looking to lease your unit short-term or long-term. Experience the perfect blend of luxury and convenience at 156 Somers Street, where every detail is designed to elevate your living experience. *Disclaimer: This is not an offering. Complete terms can be found in an offering plan available from the Sponsor (File No: CD23-0214). **available for eligible borrowers
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:
$515,000
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 | $412,000 | $412,000 | $412,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.512% | 6.273% | 5.248% |
Monthly Tax Payment | $1 | $1 | $1 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,570 | $2,503 | $3,256 |
Total Monthly Payment | $2,663 | $2,596 | $3,349 |
* 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.