Developer Incentive Seller Will Pay Full Year of Common Charges!!
Welcome to 122 Palmetto Street, where Bushwick's prime location meets Miami-inspired design. This 8-unit boutique condominium has been thoughtfully designed with European floor-to-ceiling windows, allowing natural light to flood the Carrera tile flooring. If you're tired of cookie-cutter apartments, your search ends here. Each residence spans the full length of the building, with south-facing bedrooms that feature walk-in closets, and some units even offer private balconies. The front of the home overlooks treetops, providing evening light and summer shade.
This particular unit is a standout-a massive 1-bedroom duplex with its own private backyard and exclusive access to the roof deck, offering a perfect blend of indoor and outdoor living. The duplex design includes a windowed interior, enhancing the sense of space and light.
The kitchens boast sleek German design, equipped with Bosch appliances, and feature soaring ceilings. Poured concrete between units ensures privacy and quiet. The home is smart-home ready, with energy-efficient appliances and well-appointed bathrooms. Each apartment is fitted with central AC and heating, with individual temperature controls for each room, making it effortless to move in and start enjoying life. Located just steps from the "J" & "Z" Gates Ave subway stop, and surrounded by Bushwick's vibrant array of restaurants, shops, and bars, living at 122 Palmetto Street will truly make you feel like there's no place like home.
This is not an offering. The complete terms are in an offering plan available from the Sponsor (Plan ID: CD22 0187)
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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 | $719,996 | $719,996 | $719,996 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.850% | 6.360% | 5.930% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,032 | $4,433 | $5,979 |
Total Monthly Payment | $4,124 | $4,525 | $6,071 |
* 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.