Introducing this brand new Bushwick condominium suffused with natural light, a chic 1-bedroom, 1-bathroom home graced with statement finishes that exude luxury and style. Features of this 500 sq. ft. apartment include polished concrete floors, floor-to-ceiling windows, an in-unit washer/dryer, and a stunning Juliet balcony that spans the entire width of the home. The home opens into a sun-splashed living, dining, and kitchen space. The kitchen is equipped with an eat-in peninsula, polished Caesarstone countertops, a matching backsplash, a built-in exhaust hood with custom paneling, an antique copper faucet from Brienza, and high-end stainless steel appliances from Fisher & Paykel and Blomberg. The bedroom has a pair of large closets, and the bathroom is adorned with Calacatta marble floors, a custom vanity with a vessel sink, and an elegant copper tile accent wall. A large storage closet finishes the home. The Melrose is boutique condominium made up of a trio of contiguous buildings with imported Greek Aluminco facades. Residents of The Melrose enjoy an open rooftop terrace with lovely neighborhood views. Located at the nexus of Bushwick and Bed-Stuy, The Melrose is just moments from a variety of restaurants, bars, cafes, and shops and around the corner from the M/J/Z subway lines.
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Our Executive Mortgage Banker:
Our Insurance Division:
$525,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@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 | $420,000 | $420,000 | $420,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 7.125% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.282% | 6.623% |
Monthly Tax Payment | $411 | $411 | $411 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,865 | $2,830 | $3,630 |
Total Monthly Payment | $3,368 | $3,333 | $4,133 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.