First Showing on Sunday (9/15) at Open House
Located on a Prime Park Slope block, this 3 bedroom, 1. 5 bath Duplex with South facing backyard is a place you'll want to call home. Warm and inviting, this property is in a well-established eight-unit limestone, boutique cooperative on one of the North Slope's prettiest tree-lined streets. This wonderful home features built-in cabinets for storage, large windows, high ceilings, hardwood floors and exposed brick which compliments this tasteful space. The windowed open kitchen includes stainless steel appliances, dishwasher and ample storage space. Enjoy the backyard all year round that is large enough for grill, dining table and plenty of plants. The windowed lower duplex with half bathroom and plenty of closets is a massive space that is being currently used as a primary bedroom and office.
16 Lincoln Place is a financially sound, self managed, well maintained co-op that has no underlying mortgage on the building. Each unit comes with a basement storage shelf and bike storage and the building has a recently renovated central laundry facility that is available to all residents.
This special home is in easy reach to all that 5th Avenue and Park Slope have to offer - shops, eateries, cafes, and your choice of the B, N, Q, R, 2/3 subway lines, not to mention the Saturday Greenmarket at Grand Army Plaza, local playgrounds and community gardens, Prospect Park, the Brooklyn Museum, Barclays Center, and more.
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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 | $1,120,000 | $1,120,000 | $1,120,000 |
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 | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,272 | $6,896 | $9,301 |
Total Monthly Payment | $6,397 | $7,021 | $9,426 |
* 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.