THE OPPORTUNITY:
Welcome to 1278 Saint Marks Ave Residence 3- a stunning, full-floor, three-bedroom condo where functionality meets character, all wrapped in timeless Brooklyn appeal. From the moment you enter, you're greeted by breathtaking 17-foot vaulted ceilings that are sure to captivate your guests. Love natural light? Get ready to be spoiled. The south-facing living room windows invite abundant sunlight all day long, with treetop views that enhance the serene ambiance. The open-concept kitchen is a chef's dream with sleek stainless steel appliances, ample cabinet space, and modern countertops-perfect for whipping up your favorite meals or hosting unforgettable gatherings. Two peaceful bedrooms overlooking a courtyard complete the first level. Upstairs, you'll find the expansive, king-sized primary suite, offering the perfect balance of privacy and tranquility-your personal retreat. Additional conveniences include a private storage unit with a washer and dryer, central air, and abundant closet space throughout, ensuring both comfort and practicality are seamlessly integrated into your new home. 421A Tax Abatement until 2037.
THE LOCATION:
1278 Saint Marks is located in Crown Heights, a vibrant neighborhood known for its diverse cultures, historic architecture, and strong sense of community. Easy access to subway (3, 4, A, C) and multiple bus lines takes the hassle out of commuting. The area boasts lively streets filled with local shops, restaurants, and markets.
Walk-up building
Year Built: 2007
Number of Units: 3
Sublet Policy: Permitted.
Pied-a-terre Policy: Permitted.
Gifting: Permitted.
Co-Purchase: Permitted.
Parents buying for children: Permitted.
Financing: 90%
Flip Tax: None.
Service Building: Part-time Super- Managing agent.
Pet Policy: Pets allowed.
Storage: Yes, deeded. Large storage unit conveys with sale (can easily fit a bike).
Laundry: Private laundry room located within storage.
Bike Storage: No.
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:
$699,000
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 | $559,200 | $559,200 | $559,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,720 | $3,717 | $4,795 |
Total Monthly Payment | $3,812 | $3,809 | $4,887 |
* 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.