Presenting The Williamsburg Firehouse Lofts, a condo conversion like you've never seen before.
1196 Metropolitan Avenue was originally an active firehouse and home to Engine Company No. 206, otherwise known as The Brooklyn Gashouse Gang. After its closure in the late 1970's, the building transformed into an underground music venue called the Metropolitan Social Club where live music and wild parties were known to ensue. Later on, in the 1980's the firehouse was converted into artist lofts where many local artists called home for over 30 years. Today, these six, unique, loft residences are available for sale for the first time ever!
Bursting with history, charm and emanating the spirit of Brooklyn, this quintessential conversion offers a truly once in a lifetime opportunity to own a piece of New York City history, and to make it your dream home. These vastly spacious homes with their open concept living areas offer endless opportunities to customize and create a completely unique space that is a true reflection of their owner, and suited for their unique way of life. Whether it's a 12 person dining table, 15 foot book shelves, aerial yoga, or a place to park your vintage Vespa that you had in mind, 1196 Metropolitan has got you covered.
Jaw dropping, 16-foot barrel vaulted ceilings, and walls of beautiful exposed brick envelope each home. Extra tall windows, many offering Brooklyn and Manhattan views, and large skylights let sunlight stream in all day long. While many original features have been preserved creating warmth, charm, and a sense of history throughout the building, the apartments are move in ready with renovated kitchens and bathrooms featuring modern cabinetry, fixtures and finishes, as well as new appliances. Brand new mini split systems have been installed throughout the apartments as well for efficient heating and cooling. Two of the homes have private balconies and the penthouse apartments feature enormous private roof decks with expansive views. Ample bike storage is located in the enormous basement as well as two private storage rooms being offered for sale.
There is nothing cookie cutter about Loft 2L, an amazing one bedroom (the size of a 2 bedroom), with ample space for living, dining, office and more. The kitchen boasts endless cabinet space, a gas stove, microwave and a full sized stainless steel refrigerator. Dripping with original exposed brick and featuring partial city views this home is truly one of a kind.
If you've ever passed by a NYC Firehouse and said to yourself "Wow, wouldn't it be amazing to live in one of those?" Well, now that dream can become a reality for six lucky home owners. Located in East Williamsburg, about 10 minutes to the Grand Street L train, and the plethora of shops, restaurants, coffee shops and bars that this bustling part of Brooklyn is known for. Showings have commenced. Please call or email with questions or to set up an appointment to view.
The complete offering terms are in an offering plan available from the Sponsor. File No. CD 22-0261. 1196 Metropolitan Corp. 1196 Metropolitan Avenue, Brooklyn, NY 11237. All dimensions are approximate and subject to construction variances. Plans, layouts, and dimensions may contain minor variations from floor to floor. Sponsor reserves right to make changes in accordance with the terms of the offering plan. Equal housing opportunity.
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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 | $559,200 | $559,200 | $559,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,720 | $3,717 | $4,716 |
Total Monthly Payment | $3,812 | $3,809 | $4,808 |
* 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.