90% Sold
THE SMARTEST BUY IN BROOKLYN
BROOKLYN POINT OFFERS ONE OF THE LAST 25-YEAR TAX ABATEMENTS AVAILABLE IN NEW YORK CITY. ESTIMATED ANNUAL SAVINGS FOR RESIDENCE 38G: $10, 789.
CLOSINGS HAVE COMMENCED AND ONSITE MODEL RESIDENCES ARE OPEN.
A pristine residence nestled in the prestigious Brooklyn Point development, this 1-bathroom studio apartment is a portrait of contemporary Brooklyn living. Features of this 557 sq. ft. home include beautiful wide plank stained oak floors, floor-to-ceiling windows with southern exposure and panoramic views of Brooklyn, an in-home washer/dryer, a huge walk-in closet, and a harmonious light wood color palette with satin copper fixtures and finishes designed to accentuate space and natural light.
A tasteful foyer adorned with a coat closet leads through a gorgeous kitchen and into a luminous studio space. The studio is large enough to accommodate distinctive living, dining, and sleeping areas, while the kitchen is equipped sleek with white quartz countertops, custom oak millwork, and fully-integrated appliances from Miele including a 5-burner gas range, 36' refrigerator, oven and speed oven. The bathroom features custom Waterworks fixtures and radiant heated floors.
Located in the trendy Downtown Brooklyn neighborhood, Brooklyn Point is a transformative residential development offering residents a one-of-a-kind living experience. It is the only residential building at the popular retail, dining, and entertainment center, City Point. And it has one of the most comprehensive amenities packages in the entire city with 40, 000 sq. ft. of private indoor and outdoor facilities including the highest residential infinity pool in the Western Hemisphere. It is close to Cadman Plaza, Commodore Barry, and Fort Greene Parks, Brooklyn Academy of Music, Barclays Center, and several unique Brooklyn neighborhoods that include Brooklyn Heights, DUMBO, Fort Greene, Cobble Hill, and Boerum Hill. It is just one stop from Manhattan and has easy access to 11 subway lines.
Building Services & Amenities Include:
24- Hour Attended Lobby
Concierge
Doorman
Dry Cleaning Valet
Stroller Valet
Package room
Cold storage
Pet Spa
Bicycle Storage
Storage Bins
Park Lounge & Bar
Landscaped Terrace
Firepit
Putting Green
Grills
Children's indoor playroom
Children's Outdoor playground
Screening & Performance Room
Chef's kitchen
Wine Library
Private Study
Game room
Fitness Center
Pilates Studio
Rock Climbing
Cycling Studio
Yoga Studio
Indoor Swimming Pool
Steam Room
Infrared Sauna
Hot Tub
Squash/Basketball Court
Rooftop Infinity Pool
Managed by Extell Management Services.
Photos represent building finishes
THE COMPLETE OFFERING TERMS ARE IN AN OFFERING PLAN AVAILABILY FORM SPONSOR FILE NO. CD16-0008.
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Our Executive Mortgage Banker:
Our Insurance Division:
$999,000
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 | $799,200 | $799,200 | $799,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,538 | $4,986 | $6,690 |
Total Monthly Payment | $4,630 | $5,078 | $6,782 |
* 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.