Welcome to this expansive, light-filled one bedroom in the heart of Brooklyn Heights on Remsen and Henry Street in a mid-century co-op. It could be a perfect primary residence or pied-a-terre for an ALL CASH BUYER. Tree-line views on the fifth floor of this elevator building flood the apartment with light. The living room is spacious, with built-in shelving, a charming corner window, and with room for a dining area. The gorgeously renovated open-plan, windowed kitchen has full-size appliances including a Viking range, a dishwasher, a double door fridge and a separate wine fridge. There is a king-size bedroom, four closets throughout the apartment, and recently fitted windows.
The co-op's land lease expires in 2043 -the reason the apartment is so far under the usual market for one bedrooms. There is no right to live there beyond 2043 once the land lease expires. Banks do not lend in this building due to the relatively short term of ownership offered, so we are looking for an all cash buyer. Priced accordingly!
Electricity, heat, hot-water and cooking gas are included in the maintenance.
Wait-listed storage in the basement is available for an additional fee.
Bike storage in basement.
Live-in super, a porter and doorman Monday through Friday 9am to 5pm.
Pet-friendly
Sub-letting is allowed with board approval as soon as you become shareholder for as many years as you want.
Bright and newly renovated laundry room.
Verizon FIOS is available.
Two elevators.
Wheelchair accessible
Permits trust purchases, co-purchases, gifts, and pied--terres.
The flip tax (7. 5% of the profit between purchase and sale) is paid by seller.
There is a capital assessment of $196. 40 per month- the last payment is due June 1st 2031.
The Brooklyn Heights Promenade is two blocks away and the stunning Brooklyn Bridge Park is also very close. Enjoy outdoor dining opportunities on Montague Street and bustling Atlantic Avenue, and the convenience of local gourmet food stores and supermarkets. Your local trains are the 2/3, A/C, R, F, 4/5 and you can use the East River Ferry at Atlantic Ave or Dumbo.
Let's do this!
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Our Executive Mortgage Banker:
Our Insurance Division:
$449,000
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 | $359,200 | $359,200 | $359,200 |
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 | $2,390 | $2,387 | $3,029 |
Total Monthly Payment | $2,465 | $2,462 | $3,104 |
* 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.