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1118 Fulton Street is a boutique elevator condominium. Each apartment features industrial vibes and modern finishes. Perched on the 5th floor, this 631 square foot loft-like home has one bedroom, one bathroom, and TONS of storage space. Featuring exposed concrete ceilings, three exposures, and a large balcony that faces the brightest exposure in the city- South East. Located on the border of Bedford-Stuyvesant and Clinton Hill, on the same block as the Franklin C&S trains, this new building features eleven thoughtfully designed units- 2 per floor. Each floor has a dedicated trash and recycling chute so you can just open and toss without a second thought. Each has an in-unit washer & dryer, keypad/fingerprint door entry, built in iPads to control the smart systems that have already been installed, and an elevator to the shared rooftop.
Step into the foyer and tuck your coats and shoes away in the large closet. The industrial style kitchen has gas cooking- which we all know is hard to find these days! Paneled fridge and dishwasher, smooth countertops, and tons of cabinets for storage. The bright and sunny living room has access to a large balcony overlooking the backyards below. The bedroom is a bright space with a spacious closet, and offers space for a Queen bed plus a desk (at least).
The rooftop is beyond- unfettered views of Manhattan and Brooklyn and multiple bridges. You will feel on top of the world and you don't have to take a single stair to get here- the elevator opens right onto the roof!!!
Situated on Fulton Street near Claver Place, you'll find yourself just steps from the Franklin Street C&S trains. The area is vibrant and full of local hotspots like S'mor, Cafe Calaca, Doris, Hart's - and Lincoln Market is half a block away where you can find Balthazar pastries fresh each morning!!!
THE COMPLETE OFFERING TERMS ARE IN AN OFFERING PLAN AVAILABLE FROM THE SPONSOR TF 1118 FULTON JV LLC AT 188 RALPH AVE, BROOKLYN NY 11233. FILE NO. CD23-0629
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $676,000 | $676,000 | $676,000 |
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 | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,891 | $4,273 | $5,750 |
Total Monthly Payment | $3,983 | $4,365 | $5,842 |
* 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.