And the light is growing brighter now.
Nestled on tree lined Humboldt Street in East Williamsburg, a lofted Penthouse beckons. This voluminous residence has triple-height ceilings in the living area and double-height in the primary bedroom, with natural sunlight bathing the interiors through oversized east, west and south-facing windows. A versatile mezzanine level, with a ceiling height just below 7 feet, serves dual purposes: a guest sleeping area and a home office. There are two very usable outdoor spaces to the apartment, one on the main level just off the kitchen and a larger roof deck with panoramic city-views. The primary suite offers an inviting retreat, characterized by its double-height ceiling and sliding doors leading to a quaint balcony. Modern comforts haven't been overlooked, with the inclusion of a washer and dryer, centralized heating and air conditioning, and strategically placed recessed lighting.
199 Humboldt is a luxury condominium comprising eight units, established in 2006. It has strong financials, low common charges, and a 25 year, 421-A tax abatement until 2032. Taxes for this Penthouse are under $3/month. The location makes it easy for commuters, just a stone's throw from the Montrose Avenue L Train and the J/M trains at Lorimer. The area is rich with diverse dining, vibrant bars, and eclectic shops.
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Our Executive Mortgage Banker:
Our Insurance Division:
$975,000
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 | $780,000 | $780,000 | $780,000 |
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 | $4,368 | $4,803 | $6,477 |
Total Monthly Payment | $4,460 | $4,895 | $6,569 |
* 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.