Welcome to Unit 1L at 1048 Flushing Ave, a brand-new 8-unit boutique condominium in the heart of Bushwick, Brooklyn. Designed with a modern aesthetic that perfectly matches the neighborhood's creative energy, this home offers the ideal mix of style, space, and functionality.
Unit 1L is a unique two-bedroom, two and a half-bathroom residence spanning 1, 499 square feet, with an elevated first-floor location and exclusive access to a fully finished basement and massive backyard. Inside, wide-plank oak flooring runs throughout, lending warmth and sophistication to the space.
The open-concept living and dining area enjoys abundant natural light, while the sleek kitchen is equipped with top-of-the-line appliances, including a paneled refrigerator and dishwasher, blending luxury and practicality.
The southeast-facing bedrooms are spacious and serene, with the primary bedroom featuring an elegant en suite bathroom. The thoughtful design extends throughout the home, ensuring both comfort and style. Each bedroom has access to the private backyard.
With exceptionally low monthly expenses-just $573 for common charges and $1, 047for taxes-this unit represents outstanding value in one of Brooklyn's most vibrant neighborhoods.
Residents also have access to a shared rooftop with panoramic city views, offering the perfect spot to unwind or entertain. Bushwick's renowned culture and culinary scene are right outside your door, with iconic spots like Roberta's Pizza, Syndicated Bar Theater Kitchen, and Bushwick Bakery nearby. Outdoor enthusiasts will love the proximity to Maria Hernandez Park, and convenient access to the L train at Morgan Ave and J/M trains at Flushing Ave makes commuting a breeze.
The complete offering terms are available in an offering plan from the sponsor, Flushing 8 Condos LLC, at 330 E 57th Street, New York, NY. File No. CD24-0080.
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Our Executive Mortgage Banker:
Our Insurance Division:
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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 | $876,000 | $876,000 | $876,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.769% | 6.270% | 5.864% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $4,905 | $5,323 | $7,216 |
Total Monthly Payment | $5,030 | $5,448 | $7,341 |
* 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.