Welcome to Unit 2B at 558 5th Avenue, an 8-unit, 5-story elevator building built 15 years ago. This building combines modern design with the vibrant energy of Brooklyn's most desirable neighborhoods-bordering Park Slope, South Slope, and Greenwood Heights. This immaculate 2-bedroom, 1-bath condo features light hardwood flooring and floor-to-ceiling windows that fill the space with stunning western light.
Step out onto your exclusive 700+ square foot outdoor deck, rebuilt in 2021, which features an expansive patio with a pergola, custom stonework, mature trees, and a lockable bike storage shed.
Inside, custom finishes abound, including a quarter-sawn oak dining table with matching storage, a newly installed LG smart washer with a gas dryer, a Nest thermostat, and a new AO Smith gas water heater under warranty. Custom fabric window treatments from The Shade Store maintain your privacy. Additionally, you'll never run out of storage with a deeded 5x8 walk-in basement closet and a shared hallway closet for extra convenience.
With low common charges of $540/month and low taxes of just $96/month (tax abatement until 2034), this home presents a fantastic financial opportunity. Commuting is easy with the R Train just two blocks away, and across the street, you'll find The French Tart, known for the freshest croissants in Brooklyn. For dining, you're minutes away from Wonder, your next favorite takeout spot. If you enjoy staying active, Crunch Gym and Harbor Fitness are across the street, or take a short walk to Prospect Park, just four blocks away, for running, biking, or walking.
Unit 2B is a move-in-ready home, offering the perfect balance of urban convenience and serene living in exciting Brooklyn.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,195,000
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 | $956,000 | $956,000 | $956,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.955% | 6.612% | 6.182% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,503 | $6,043 | $8,067 |
Total Monthly Payment | $5,628 | $6,168 | $8,192 |
* 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.