Spacious 2-Bedroom, 2-Bathroom Apartment with Conversion Potential in Park Slope
Welcome to Apartment 2 at 498 11th Street, a generously sized floor-through home offering approximately 1, 500 square feet of living space in one of Brooklyn’s most sought-after neighborhoods. Located on the second floor of a boutique community driven building, this unique residence combines two railroad-style apartments into a flexible layout, perfect for customization.
With both north and south exposures, the apartment is filled with natural light throughout the day. Currently configured as a 2-bedroom, 2-bathroom home, the expansive layout offers the exciting potential to convert into a 3-bedroom, accommodating a variety of needs. While the property does require renovations, it presents an incredible opportunity to design and personalize your ideal living space.
The building features shared amenities including an outdoor garden, bike storage, and private storage space for residents.
Nestled on a charming tree-lined street, this home is around the from vibrant local shops, acclaimed dining, and two blocks from the beauty of Prospect Park.
Come be a part of a beautiful community at 498 11th Street, and make this your forever home!
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Our Executive Mortgage Banker:
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$850,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $680,000 | $680,000 | $680,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.875% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.820% | 6.597% | 6.158% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,022 | $4,298 | $5,738 |
Total Monthly Payment | $4,114 | $4,390 | $5,830 |
* 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.