Welcome to this oversized Alcove studio at 175 Willoughby Street, Unit 5E, where the intersection of Downtown Brooklyn & Fort Greene offers unparalleled accessibility to transportation and shopping. This sought-after residence is situated in one of the most well-managed, full-service cooperatives, providing a lifestyle of convenience and comfort. As you step into this spacious studio, you'll be greeted by an abundance of natural light streaming through the south-facing windows, creating a warm and inviting ambiance throughout the day. The apartment boasts an efficient layout that maximizes space and versatility. The entry foyer features two large closets and a wide hallway that leads to the open kitchen. Whether left as is or updated to fit your specific needs, the kitchen offers flexibility for the perfect meal prep experience. The spacious living area and functional floor plan can easily accommodate a private sleep area, allowing plenty of room for living room furniture, and gracious entertaining. Beautiful hardwood floors, new windows, and ample closets contribute to the warmth and functionality of this lovely home. University Towers offers a full suite of amenities to enhance your urban living experience, including a gated community with beautifully landscaped grounds, a BBQ and picnic area, a fitness center, two elevators, a 24-hour lobby attendant, a package room, laundry facilities, bicycle room, and an events room. On-site parking is available for rent, and the building supports multiple cable and internet services, including Verizon Fios, Spectrum, and RCN. Living here means being just moments away from City Point, the Dekalb Marketplace, and Alamo Drafthouse Cinema. Daily conveniences like Target, Trader Joe’s, Wegmans, 356 Whole Foods, and pharmacies are all within blocks. Fort Greene Park is also just a short distance away for outdoor enjoyment. Transportation options are plentiful and convenient with Dekalb Station’s R, B, & Q trains across the street, and additional subway lines including the A, C, F, 2, 3, 4, 5, & LIRR at Atlantic Center nearby. Local cultural attractions such as BAM, Barclays Center, Long Island University, and more are all within easy reach. Enjoy the ease of a perfectly located, beautifully appointed home designed for the ultimate Brooklyn lifestyle. Note that the photos have been virtually staged, and the alternate floor plans are provided to offer options to the current layout and have not been approved by the building management, cooperative, or Department of Buildings. Schedule a showing today to experience the convenience and comfort of this fabulous residence.
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William Raveis Real Estate
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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 | $311,200 | $311,200 | $311,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,070 | $2,068 | $2,668 |
Total Monthly Payment | $2,145 | $2,143 | $2,743 |
* 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.