744 Park Place, #4B, Brooklyn (Crown Heights), NY, 11216 | $1,995,000

Penthouse 4B, a luminous duplex with 4 bedrooms and 2 baths, measures 1573 sq. ft. On the main floor there are three bedrooms and one bath. On the top floor, there is the primary bedroom with ensuite bath, and two private terraces, totalling 439 sq. ft. The combined common charges and taxes are only $911/month. That’s less than half the cost of most similarly-sized units. Natural light floods this stylish, spacious apartment. An open-plan living and dining area, with loft-like ceilings, flows seamlessly into a well-appointed chef’s kitchen. This is not the tiny kitchen typical of many condos. This one boasts ample Cambria quartz countertops, abundant cabinetry for storage, and top-of-the-line Bertazzoni appliances, including a fully integrated fridge, induction stove, and a properly vented range hood. Friends and family can gather around the island, seated on bar stools, to keep you company as you cook. The generously-sized dining area has room for a large dining table. The primary bedroom, up a flight of stairs from the main floor, is unique. It has a wall of windows and a glass door directly onto a spacious private terrace. It feels like a refuge from busyness and an observatory of the Brooklyn sky. The gorgeous en-suite spa bath is luxurious and bathed in natural light from a huge skylight. It has Italian marble floor and wall tiles, double sinks, and a large walk-in shower. Ample closet space rounds out this primary suite. The second terrace on the roof is perfect for dining and grilling. Additional highlights of the apartment include generous closets/ storage throughout, an in-unit washer/dryer, multi-zoned heating and cooling, designer lighting, and elegant brushed white oak engineered flooring. A dedicated storage unit of 50 sq. ft. is in the building’s basement, ideal for stashing away your extra things. 744 Park Place is an 8-unit boutique condo building featuring 3- and 4- bedroom residences. With its elegant brick façade accented by carved stone details, the building has been thoroughly and luxuriously updated in a modern style to create the chic and comfortable living experience you’ve been searching for. Located in vibrant Crown Heights, this condo places you just a block away from the various restaurants and shops on Franklin Avenue. It’s close to the 2/3/4/5 and S trains and convenient to the Brooklyn Botanic Garden, the Public Library, Grand Army Plaza Greenmarket, and Prospect Park. The complete offering terms are in an offering plan available from the sponsor 744 Park LLC. File CD230318

Features

  • Town: Brooklyn
  • Cooling: Central
  • Levels: 4
  • Rooms: 6
  • Bedrooms: 4
  • Baths: 2 full
  • Laundry: SeeRemarks
  • Year Built: 1929
  • Pet Policy: No Pets
  • Washer/Dryer Allowed: Yes
  • Washer / Dryer: Yes
  • Terrace : Yes
  • Private Roof: Yes
  • Building Access : Walk-up
  • Service Level: Voice Intercom
  • Built Size: 33'x85'
  • OLR#: RLS20054721
  • Days on Market: 217 days
  • Website: https://www.raveis.com
    /prop/RLS20054721/744parkplace_brooklyn_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
Listing courtesy of Compass

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NMLS Mortgage Loan Originator ID 81725

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744 Park Place, #4B, Brooklyn (Crown Heights), NY, 11216

$1,995,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

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 $1,596,000 $1,596,000 $1,596,000
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 N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $9,062 $9,827 $13,468
Total Monthly Payment $9,187 $9,952 $13,593

* 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.