Brand New Modern 1 Bedroom Now Available! Now Offering + 1 Month Free!Introducing Caton Flats, a brand new 14 story modern, new development featuring beautifully designed studios, 1, 2 and 3 bedroom rentals. All apartments feature custom kitchen cabinetry, stainless steel GE appliance package, quartz countertops, Danze by Gerber fixtures, and spacious bedrooms and living areas. Pets are welcome and the building will have a lobby attendant. Some units feature private outdoor space and offer plenty of natural light. Downstairs you'll find the new home of Flatbush Caton Market which houses 30+ Carribean businesses. Additionally, the site includes 5, 000 square feet of supplemental community space owned and operated by the Caribbean American Chamber of Commerce and Industry (CACCI). Caton Flats is offering rent stabilized leases. Eligibility for HDC-financed developments is based on household annual income before taxes, family size, and other criteria. Be the first to live in this brand new affordable housing complex!Neighborhood: In the area, you'll find the best the neighborhood has to offer. Surrounded by incredible cafes, bars, restaurants that you can explore at your leisure. Food options include: Uni Thai Bistro, Mango Seed, El Changarritto, Cafe Madeline, just to name a few. Nearby are a surplus of neighborhood supermarkets, Park Fitness Gym and the beloved Prospect Park. Conveniently located close to all your shopping and wellness needs as well. This building is also located near the Church Avenue Subway line. Income eligibility for this unit is: o 1 People: Minimum $87, 738 – Maximum $137, 940o 2 People: Minimum $87, 738 – Maximum $157, 575o 3 People: Minimum $87, 738 – Maximum $177, 210Apartment features: Dishwasher Microwave Quartz countertops Hardwood floors Modern kitchen with custom cabinetry Spacious living and dining room PTAC heating/cooling units Kitchen Islands*Building features: Attended Lobby Remote Doorman Service Outdoor TerraceInterior CourtyardFitness Center Outdoor Yoga AreaResident Lounge Card Operated Laundry RoomPackage RoomPet FriendlyBike StorageOnsite Attended Parking w/ Electric charging Stations* LEED Certified On-site SuperOn-site Resident ManagerElevator*In Select UnitsEqual Housing Opportunity
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Our Executive Mortgage Banker:
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $2,160 | $2,160 | $2,160 |
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 | 7.563% | 7.159% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $14 | $14 | $18 |
Total Monthly Payment | $89 | $89 | $93 |
* 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.