Tucked away in an elegant pre-war co-op building surrounded by grand turn-of-the-century mansions, this very special junior one-bedroom (converted from a legal studio) presents a unique opportunity for a discerning buyer. In terms of location, there is simply nothing quite like this apartment on the market. The unit features a gracious entry foyer, extra-large living room with a dining nook, a separate and modernized galley kitchen with ample cabinet and counter space and a dishwasher, a large sleeping alcove with windows on two sides, and a windowed full bath. The homeowner lovingly renovated the space to create a more open feel and flow to the apartment, adding modern touches and conveniences while mimicking the pre-war architectural detail. You’ll find beautifully maintained hardwood and parquet floors throughout, original curio shelving, decorative glass panels, as well as recessed lighting, plenty of storage (three closets!), and windows with bright and leafy garden views. 1409 Albemarle is a pet-friendly elevator co-op located on a broad, esplanaded boulevard which the New York Times once called “one of the grandest residential streets in the whole city. ” The co-op offers free storage, bike room, common laundry room, live-in super, and a shared garden area. It’s convenient to the B/Q trains at both Beverley Rd and Church Ave, a few blocks to Prospect Park, and close to myriad shops and restaurants on Church Ave and Coney Island Ave as well as the Flatbush Food Co-op and the bustling commercial district on Cortelyou Rd.
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$500,000
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 | $400,000 | $400,000 | $400,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.708% | 7.133% | 6.256% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,763 | $2,659 | $3,373 |
Total Monthly Payment | $2,855 | $2,751 | $3,465 |
* 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.