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Offered for sale is a bright and sunny one-bedroom floor-through on Newel Street between Nassau and Norman Avenues in Greenpoint. Located on the fourth (and top) floor of 100 Newel Street, a historic Neo-Grec style walk-up building, apartment 4L soaks in eastern and western light and is arranged in a four-room layout, providing plenty of space and layout flexibility.
The main entrance for the apartment is in the kitchen, where a large open plan kitchen enjoys bright and unobstructed northeastern light. The kitchen is currently configured as an L-shape with a gas range, dishwasher, and a storage pantry. A historic chimney breast and tin ceilings with historic light fixtures create stylish focal points in the kitchen. The bathroom is located off the kitchen, and adjacent the main entrance is a coat closet.
Towards the middle of the apartment, there are two rooms, each with lot line windows facing north. These can function in a number of ways, including as sleeping areas, a home office, closet space, a library, or more. Reconfiguration can add to the flexibility of this area.
At the front of the apartment is the bright and sunny southwest-facing living room, where classical character is on display and there are open views. There is also a secondary entrance/exit to the hallway in this room. Historic features in this apartment include original strip flooring, plaster crown and picture rail moldings, a carved stone fireplace surround with Neo-Grec style Eastlake motifs, and transom windows.
At approximately 737 square feet, there is room to renovate, re-arrange, and grow into this fantastic space located in a quiet and convenient pocket of Greenpoint. 100 Newel Street is located just four blocks from the G-train at Nassau Avenue, and a half a block away from the bustling Nassau Avenue corridor, where there is a bounty of great local food, drink and more. Monsignor McGolrick Park is located just a few blocks away.
This self-managed cooperative consists of eight apartments, with two on each floor. Heat (steam radiators) and hot water are included in monthly maintenance. Each apartment is assigned a large storage room in the building's cellar, were there is also separate bike storage and laundry. A communal garden is also a shared amenity, which is accessed via the cellar.
A flip tax of 2% of the sale price applies to sales where the seller's ownership period is shorter than 5 years. The flip tax does not apply to this offering.
Please note that select photos have been virtually staged.
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.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $624,000 | $624,000 | $624,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 5.990% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.209% | 6.168% | 5.609% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,543 | $3,737 | $5,057 |
| Total Monthly Payment | $3,635 | $3,829 | $5,149 |
* 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.