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608 Ocean Avenue - Boutique Condo Living by Prospect Park
This building is approved for a first-time homebuyer's program. Eligible buyers may qualify for a 5. 5% fixed interest rate for 30 years (subject to change). Don't miss this rare opportunity to own in one of Brooklyn's most desirable neighborhoods.
Nestled in the heart of Prospect Park South, 608 Ocean Avenue is a boutique nine-story condominium offering 32 thoughtfully crafted residences. This 421-a tax-abated (Pending Approval) elevator building combines low monthlies with modern convenience and the timeless character of a well-established neighborhood.
The collection features a variety of layouts - including studios, one-bedrooms, one-bedrooms with home offices, and two-bedrooms. Select homes feature private outdoor spaces, and all are designed with expansive windows that flood interiors with natural light.
Residence 201 is a well-appointed one-bedroom with a dedicated home office and generous closet space. Each home at 608 Ocean Avenue includes premium stainless steel GE appliances - a five-burner electric range, microwave, and full-size dishwasher. Kitchens are elegantly finished with cream quartz countertops, under-cabinet lighting, and custom cabinetry for a refined, highly functional workspace.
Bathrooms are designed with oversized porcelain tile, deep soaking tubs, and LED anti-fog mirrors for a clean, modern feel. Additional features include engineered hardwood floors, a dual split heating/cooling system, and an in-unit GE washer-dryer combo.
Building amenities include a furnished rooftop terrace, bicycle storage, and optional on-site parking.
Just moments from Prospect Park, residents enjoy easy access to markets, dining, and daily conveniences within a vibrant, connected Brooklyn community.
All measurements are approximate. Images are virtual renderings representing various layouts.
The complete offering terms are in an offering plan available from the File No: CD240098
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:
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$699,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $559,200 | $559,200 | $559,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.125% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.322% | 6.280% | 5.628% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,219 | $3,398 | $4,532 |
| Total Monthly Payment | $3,311 | $3,490 | $4,624 |
* 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.