|
Before you move in, secure a high-performing asset in the heart of DUMBO at 98 Front Street, Residence 9J-a modern 2-bedroom, 2-bath condominium by award-winning ODA. This LEED-certified building blends striking design with robust amenities and everyday convenience. With a quality tenant in place through January 1, 2027 and documented rental income of over $80, 000 annually, 9J is a turnkey 1031 exchange candidate and a compelling long-term hold in one of Brooklyn's most sought-after neighborhoods. Thoughtfully planned interiors feature wide-plank white oak flooring, oversized sound-attenuating windows framing open Brooklyn views, and a streamlined custom kitchen outfitted with Bosch appliances and Italian cabinetry. The split-bedroom layout enhances privacy, while two sleek full baths evoke spa-like calm with minimalist finishes. In-unit laundry adds day-to-day ease. A deeded parking space and private storage convey, maximizing both livability and investment value. 98 Front is an amenity-rich, design-forward condominium that emphasizes wellness, convenience, and community. Residents enjoy a 24-hour attended lobby, an indoor saltwater pool, steam and spa rooms, a fitness center, an expansive 7, 000 sq. ft. landscaped roof deck with outdoor kitchens, lounge and screening zones, and an outdoor workout area with views. Coworking spaces, a resident lounge, bike storage, smart access systems, and a live-in manager round out a best-in-class offering. Perfectly positioned to experience the best of DUMBO-minutes to Brooklyn Bridge Park, Jane's Carousel, Empire Stores, galleries, independent shops, cafes, and acclaimed dining. Multiple subway lines, including the F, A/C, and 2/3 nearby, offer rapid access to Manhattan and greater Brooklyn. Investment Highlights: - Tenant in place through 1/1/2027 - Over $80, 000 annual rental income - LEED-certified building with full-service amenities - Deeded parking and private storage included - Strong DUMBO location fundamentals for income stability and long-term appreciation - Ideal for 1031 exchange strategies For detailed income and expense figures, floor plan, or to schedule a private tour, inquire today. This is a rare opportunity to acquire a high-performing, design-forward DUMBO condo with parking and a tenancy in place before you are ready to move in yourself. luxury apartment Brooklyn, waterfront apartment Brooklyn, high-rise apartment Brooklyn, modern apartment Brooklyn, newly renovated apartment Brooklyn, spacious apartment Brooklyn, high-end finishes apartment Brooklyn, large windows apartment Brooklyn, unobstructed views apartment Brooklyn, luxury building Brooklyn, waterfront building Brooklyn, high-rise building Brooklyn, modern architecture Brooklyn, amenity-rich building Brooklyn, rooftop amenities Brooklyn, concierge service Brooklyn, secure building Brooklyn, pet-friendly building Brooklyn, Brooklyn Heights apartment, Brooklyn Heights building, downtown Brooklyn luxury living, waterfront living Brooklyn, Brooklyn Bridge views, investor
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
$1,599,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,279,200 | $1,279,200 | $1,279,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.361% | 6.183% |
| Monthly Tax Payment | $733 | $733 | $733 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $7,263 | $7,876 | $10,795 |
| Total Monthly Payment | $8,121 | $8,734 | $11,653 |
* 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.