Quintessential Neo-Grec Brownstone in Bedford-Stuyvesant Nestled in the heart of Bedford-Stuyvesant, 1044 Lafayette Avenue is an elegant Neo-Grec brownstone with much of its historic character intact and tremendous potential for renovation and expansion. Located directly across from a verdant park and playground, 1044 Lafayette Avenue enjoys a prime position in a neighborhood known for its beautiful tree-lined streets, vibrant community, and rich architectural history. Coming home to 1044 Lafayette Avenue, you’ll be transported to the late 19th century, as original historic details abound. This historic home showcases an exquisite array of intricate woodwork, including detailed door and window entablatures, pocket doors, and a beautifully preserved staircase with its original newel post, banister, and balusters. As currently built, 1044 Lafayette Avenue comprises over 2, 100 habitable square feet across three floors plus a full cellar. As demonstrated by other recently developed lots on the block, there’s potential to build over 1, 200 additional square feet here, for a total building envelope of 3, 350 square feet, not including the cellar. Thanks to 1044 Lafayette’s 100-foot lot depth, the backyard is sunny and expansive. Here you will find a tranquil retreat from city life—ideal for entertaining, gardening, or quiet relaxation. The neighboring yards are graced with large trees that provide a sense of being in the country and a nice cooling effect in the warmer months. 1044 Lafayette Avenue is ideally situated with easy access to multiple transportation options, making commuting to Manhattan and the rest of the city a breeze. The J and M trains at Kosciuszko Street and the G train at Bedford-Nostrand are both close by, while multiple bus lines provide additional connectivity. 1044 Lafayette Avenue is close to the best of Bed-Stuy’s restaurants, cafes, and other amenities. With its prime location, architectural beauty, and expansion potential, 1044 Lafayette Avenue is a rare opportunity to own a piece of Brooklyn history in one of its most sought-after neighborhoods. Bring your contractor and architect and make this historic home the backdrop for your next chapter in Brooklyn.
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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 | $880,000 | $880,000 | $880,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.500% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.659% | 6.610% | 6.303% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,066 | $5,562 | $7,486 |
Total Monthly Payment | $5,191 | $5,687 | $7,611 |
* 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.