If you own a qualifying business or if you are a government agency - you can save substantially on rent and be the owner of this spacious cooperative apartment located in Caton Towers, one of the most sought after buildings in all of Kensington. The layout is excellent, with Eastern, Southern, and Northern exposures. It offers an L-shaped foyer / reception area, two large offices with 2 exposures each, and one smaller office. Use a full bathroom for your convenience and a windowed kitchen (no stove in the kitchen). The condition of the space is so good that you can literally move right in, or settle for a paint job instead. Financing is available, and a 50% downpayment will be required. Ask if you want the furniture currently in the office to stay.
The Caton Towers is a full service, 3-elevator doorman building with a huge laundry room on premises. It is also the tallest building in Kensington as well as the neighboring Windsor Terrace! It is conveniently located in close proximity to the F & the G trains, and to 2 express buses to Manhattan. The Parade Grounds & Prospect Park are only 4 blocks away. America's oldest bike path along Ocean Pkwy from the park to the beach makes the building within reach for more people. Shopping and dining on Church Avenue is comprised of a mix of established businesses, coupled with a growing number of trendy new arrivals. Parking is waitlisted. Do not miss your chance to claim this highly desirable space and make an appointment today!
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Our Executive Mortgage Banker:
Our Insurance Division:
$299,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $239,200 | $239,200 | $239,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 7.125% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.330% | 7.295% | 6.538% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,591 | $1,612 | $2,051 |
Total Monthly Payment | $1,666 | $1,687 | $2,126 |
* 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.