Welcome to 488 Ocean Parkway, a delightful 800 square foot rental nestled in the heart of Kensington, Brooklyn. This charming 1-bedroom apartment offers a spacious living environment, bathed in natural light, within a quiet elevator co-op building. Positioned at the back of the building, this rental ensures peace, comfort and tranquility. Upon entering, you'll find a welcoming hallway with two closets, perfect for coats and extra storage. The sunlit living room boasts a flexible layout, accommodating both a living and dining area, with room for a remote workspace if needed. The updated kitchen with a window features modern conveniences, including a new stainless steel fridge and stove. An adjacent bonus area provides space for a dining table, remote work area or additional storage, complemented by a pantry/linen closet. The expansive primary bedroom, filled with natural light, comfortably fits a king-sized bed, additional furniture, and even another workspace, with two deep closets for ample storage. Located between Ditmas Ave. and Cortelyou Rd. , this vibrant community offers the best of Brooklyn, surrounded by local restaurants, bars, and coffee shops. Enjoy convenient shopping at the Flatbush Food Co-op and a variety of exciting cuisines. Nature lovers will appreciate the proximity to Prospect Park and Ditmas Park, ideal for leisurely walks or bike rides. The Ocean Parkway bike path offers a scenic 4. 5-mile ride to Brighton Beach. A short walk takes you to the Ditmas Ave F train and Cortelyou Rd. Q train, for easy access to NYC. Welcome to a community that feels like home! Please note: No pets are allowed Gas, Heat and Hot Water included Verizon Fios is available for internet A Co-op application and interview are required 24 Hour live-in super Washer/Dryer in building Bike Storage available
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,400
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 | $1,920 | $1,920 | $1,920 |
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 | $13 | $13 | $16 |
Total Monthly Payment | $88 | $88 | $91 |
* 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.