Assumable 2. 5% Mortgage:
With a low interest assumable mortgage, your monthly payment is net $3, 600/mo after tax deductions, cheaper than the cost to rent! This is not an excellent place to call home but a unique investment opportunity with positive cash flow you can not find another Brooklyn condo with these metrics.
About:
This beautifully crafted and designed 1 bedroom in East Williamsburg is a rare gem. Designed with an urban escape in mind, this residence has modern amenities and views while still being located in one of the newest cultural hubs defining New York City.
The Unit:
With high ceilings, central air, luxury finishes, European white oak flooring, and an abundance of natural light, this home will transport you out of the hustle of New York City into your own oasis. The thoughtfully designed white kitchen boasts ample storage space, complimented by Bertazzoni appliances and quartz countertops. A queen-sized bedroom features a large closet along with a skyline view. Directly off the bedroom is your in-unit washer and dryer as well as a tranquil bathroom complete with a oak vanity, oversized subway tiles and dark bronze fixtures.
Building:
The building also has a fully furnished rooftop with breathtaking city views, wet bar and grill perfect for hosting friends, family, or just taking a moment for oneself. The building also features a bike room and stroller room, package vestibule, storage space and virtual doorman.
The Neighborhood:
East Williamsburg is a vibrant neighborhood known for its thriving arts scene, renowned eateries/bars/music venues, and diverse community. Some of our favorite restaurants and venues include Ichiran, Robertas, Winson, Elsewhere, Brooklyn Mirage, House of Yes among many more. For commuters, this home is a short 3 minute walk to the Morgan Ave L station, which can get you to Manhattan in 20 minutes, and even closer to the B60 Bus, and CitiBikes.
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:
$859,999
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@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 | $687,999 | $687,999 | $687,999 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.844% | 6.597% | 6.158% |
Monthly Tax Payment | $635 | $635 | $635 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,015 | $4,349 | $5,806 |
Total Monthly Payment | $4,742 | $5,076 | $6,533 |
* 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.