Calling all artists, loft lovers, and first time buyers! Sleek and modern industrial condo loft with incredible windows and light. And even better, it is completely renovated and you move in with your toothbrush! This loft checks all the boxes: it is a condo, has low maintenance, is turnkey and spacious, ( it is one of the largest one bedrooms available on the market ). And because It’s a condo. you can put 10 percent down. The Kitchen is an open chef’s kitchen with a large island that can double as a dining table. There is tons of cabinets and prep space plus all new appliances. Plus, There’s plenty of room for a separate dining table. The bath has a beautiful clawfoot tub and exposed shower system. The living room windows stretch across the entire eastern end of the apartment and are 10 feet high and face due east. The bedroom is an enormous sleeping loft and below it sits a cavernous storage space. There is Central air and heat plus Architectural elements in the space including a huge round column. The floors are polished concrete. The Chocolate Factory, situated on the border of Bedford Stuyvesant and Clinton Hill. Built in 1947 and converted to residential lofts in 2002, has 45 units and 5 stories. The building features one of Brooklyn’s only green roof decks, complete with crickets and butterflies. The stunning glass-enclosed roof deck gym has views of the Manhattan skyline and Brooklyn Additional amenities include an intercom system with cell phone integration, 24/7 video security, high-speed Verizon internet, and a bike room, The G train at Myrtle-Willoughby is just 2. 5 blocks away, with multiple bus routes providing quick access to the A, C, F, Q, N, R, 2, 3, 4, 5, J, M, and Z lines within 10 minutes. Major grocery stores like Wholefoods, Trader Joe’s, Wegman’s, Fairway, and Costco, along with organic and health food stores and numerous restaurants, deliver directly to the building.
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Our Executive Mortgage Banker:
Our Insurance Division:
$899,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $719,200 | $719,200 | $719,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.769% | 6.270% | 5.864% |
Monthly Tax Payment | $1,071 | $1,071 | $1,071 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,027 | $4,370 | $5,924 |
Total Monthly Payment | $5,190 | $5,533 | $7,087 |
* 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.