515 East 7th Street, #1T, Brooklyn (Kensington), NY, 11218 | $427,000

Qualifies for Community Loan offering 5. 625% interest rate. Reach out for details!

Welcome to 515 E 7th St. #1T NOT ON THE GROUND FLOOR!

This oversized one-bedroom, one-bathroom apartment (easily converts to a 2 bedroom, see alternative floor plan) is in the heart of Kensington Brooklyn. Take one of two elevators or the stairs one flight up to be greeted by a large foyer with a double closet for coats, hats, and shoes.

There are FIVE closets throughout, including 3 double closets and one walk-in!

The open-concept living area offers versatility with several possible design plans including a dedicated dining area, perfect for hosting. The custom recessed lighting adds a modern touch. This GORGEOUS renovated kitchen makes a statement with its custom island that includes extra storage and a breakfast bar, stunning quartz countertops, and stainless steel appliances which include a gas range, built-in microwave, and dishwasher. The gray floor tiles and subway tile backsplash complete the kitchen's contemporary look, making it ideal for cooking enthusiasts.

THIS KITCHEN IS A RARE FIND AT THIS PRICE POINT!

Pass through the hallway with additional storage (including a walk-in closet!) to find the serene and country quiet king-size bedroom. This room offers ample space for various layouts, whether you prefer a full furniture set or a minimalist design. With large east-facing windows you will enjoy abundant morning light, and love the generous storage. Need a second bedroom? No problem, use this massive space to create two bedrooms. The original parquet wood floors add to the beauty throughout and both the living room and bedroom are equipped with thru-wall air conditioning.
The beloved Manchester co-op provides numerous amenities, such as updated elevators, a landscaped lobby, live-in super, excellent porter service, laundry facilities, a bike room, and outdoor green space with a picnic table and garden areas. Private storage and PARKING are available with a short waitlist. Located near vibrant Cortelyou Road, you'll be close to restaurants, cafes, a farmer's market, and Prospect Park. Dining options include The Castello Plan, Sycamore Bar and Flower Shop, Lea, Bad Therapy, and Der Pioneer to name just a few. Public transportation includes the F, G, B, and Q trains, with Citibike stations nearby.
This charming apartment, with its flexibility and modern updates, offers a comfortable and convenient living experience in delightful Kensington. Cats are also welcome!

Features

  • Town: Brooklyn
  • Cooling: Unknown Type
  • Levels: 6
  • Amenities: Bike Room; Garage; Garden; Laundry Room; Common Storage;
  • Rooms: 3
  • Bedrooms: 1
  • Baths: 1 full
  • Complex: Manchester, The
  • Year Built: 1961
  • Pet Policy: No Pets
  • Building Access : Elevator
  • Service Level: Voice Intercom
  • OLR#: RPLU33423195844
  • Days on Market: 63 days
  • Website: https://www.raveis.com
    /prop/RPLU33423195844/515east7thstreet_brooklyn_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
Listing courtesy of Corcoran Group

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Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.Alvarez@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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515 East 7th Street, #1T, Brooklyn (Kensington), NY, 11218

$427,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah Alvarez

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 $341,600 $341,600 $341,600
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 $75 $75 $75
Initial Principal & Interest Pmt $2,273 $2,270 $2,881
Total Monthly Payment $2,348 $2,345 $2,956

* 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.