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Welcome to 242 Albany Avenue, a brand new gut renovated two family townhouse situated on a landmarked block in the heart of Crown Heights. Spanning approximately 2, 525 interior square feet with an additional 1, 214 square feet of exterior space, this residence combines thoughtful design, modern comfort and historic Brooklyn character.
The owner's duplex showcases wide plank white oak floors, exposed brick, and a floating glass staircase that creates an elegant and cohesive architectural statement. The parlor level features an open living and dining area that transitions seamlessly into a beautifully appointed U shaped kitchen. This bright and inviting space is designed for effortless everyday living as well as comfortable entertaining. From the kitchen, double doors lead to a private deck that flows to a tranquil garden, offering a peaceful outdoor retreat suited for both gatherings and quiet relaxation. Southeast facing windows bring abundant sunlight into the living and kitchen areas throughout the day.
The second level of the duplex features ceilings that rise to nearly ten feet. Here you will find a spacious primary bedroom complete with an en suite bathroom with dual sinks. Two additional bedrooms, a second full bathroom and a dedicated laundry station complete this thoughtfully planned floor.
The lower level of the duplex includes a versatile recreation room with a half bathroom and substantial storage options, making it ideal for a variety of lifestyle needs.
The garden level hosts a well appointed two bedroom, one bathroom rental unit with direct access to the backyard. This space provides excellent income potential or flexibility for extended living arrangements.
Additional highlights include white oak hardwood flooring, restored exposed brick, a striking glass staircase integrated into the living area, and a double door entry that enhances the home's presence on this historic block.
Crown Heights offers a vibrant mix of culture, dining and convenience. Nearby attractions include Brower Park, the Brooklyn Children's Museum, Barboncino, Basil, Mayfield, Catfish, Glady's and Café Cotton Bean. Access to the A, C, 3 and 4 trains along with several local bus routes makes travel throughout Brooklyn and the rest of New York City simple and efficient.
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.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.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,250,000
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
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,800,000 | $1,800,000 | $1,800,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 4.875% | 5.750% | 5.500% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.001% | 5.858% | 5.681% |
| Monthly Tax Payment | $380 | $380 | $380 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $9,526 | $10,504 | $14,708 |
| Total Monthly Payment | $10,031 | $11,009 | $15,213 |
* 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.