THE SMARTEST BUY IN BROOKLYN. BROOKLYN POINT OFFERS ONE OF THE LAST 25-YEAR TAX ABATEMENTS AVAILABLE IN NEW YORK CITY. ESTIMATED ANNUAL SAVINGS FOR RESIDENCE 32J: $15, 360. CLOSINGS HAVE COMMENCED AND ONSITE MODEL RESIDENCES ARE OPEN. A pristine residence nestled in the prestigious Brooklyn Point development, this stunning 1-bedroom, 1-bathroom home is a portrait of contemporary Brooklyn living. Features of this 792 sq. ft. home include beautiful wide plank stained oak floors, floor-to-ceiling windows with southern exposure and panoramic views of Brooklyn, an in-home washer/dryer, and a harmonious light wood color palette with satin copper fixtures and finishes designed to accentuate space and natural light. A welcoming foyer adorned with a walk-in coat closet flows into a spacious open-concept living room, dining room, and kitchen saturated with natural light. The kitchen is equipped with sleek white quartz countertops, custom oak millwork, and fully-integrated appliances from Miele including a 5-burner gas range, 36" refrigerator, oven, and speed oven. The bedroom has a large reach-in closet and easy access to an immaculate full bathroom with custom Waterworks fixtures and radiant heated floors. Located in the trendy Downtown Brooklyn neighborhood, Brooklyn Point is a transformative residential development offering residents a one-of-a-kind living experience. It is the only for-sale residential building at the popular retail, dining, and entertainment center, City Point. And it has one of the most comprehensive amenities packages in the entire city with 40, 000 sq. ft. of private indoor and outdoor facilities including the highest residential infinity pool in the Western Hemisphere. It is close to Cadman Plaza, Commodore Barry, and Fort Greene Parks, Brooklyn Academy of Music, Barclays Center, and several unique Brooklyn neighborhoods that include Brooklyn Heights, DUMBO, Fort Greene, Cobble Hill, and Boerum Hill. It is just one stop from Manhattan and has easy access to 11 subway lines. Building Services & Amenities Include: 24- Hour Attended Lobby Concierge Doorman Dry Cleaning Valet Stroller Valet Package room Cold storage Pet Spa Bicycle Storage Storage Bins Park Lounge & Bar Landscaped Terrace Firepit Putting Green Grills Children's indoor playroom Children's Outdoor playground Screening & Performance Room Chef's kitchen Wine Library Private Study Game room Fitness Center Pilates Studio Rock Climbing Cycling Studio Yoga Studio Indoor Swimming Pool Steam Room Infrared Sauna Hot Tub Squash/Basketball Court Rooftop Infinity Pool Managed by Extell Management Services. *Photos represent building finishes THE COMPLETE OFFERING TERMS ARE IN AN OFFERING PLAN AVAILABILY FORM SPONSOR FILE NO. CD16-0008.
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VP, Mortgage Banker
William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 29151
5/6 (30 Yr)
|Term||360 months||360 months||180 months|
|Initial Interest Rate**||5.125%||5.750%||5.875%|
|Interest Rate based on Index + Margin||4.250%|
|Annual Percentage Rate||6.212%||5.704%||6.058%|
|Monthly Tax Payment||N/A||N/A||N/A|
|H/O Insurance Payment||$125||$125||$125|
|Initial Principal & Interest Pmt||$5,380||$5,766||$8,271|
|Total Monthly Payment||$5,505||$5,891||$8,396|
* 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.