1514 E 55th Street, Brooklyn, NY, 11234 | $850,000

Welcome to 1514 East 55th St. Space, style & modern luxury come together. A turnkey, move in ready, single family, semi-detached home, nestled on a beautiful tree lined street in Flatlands, Brooklyn NY. This charming, turnkey townhouse is the perfect opportunity for buyers looking for space. Open the door and enter an expansive sun drenched modern, open concept living/dining area which provides great space for entertainment. Tucked towards the rear of the first floor a spacious eat in kitchen with beautiful granite waterfall island/breakfast bar, awaits you. The kitchen features floor to ceiling custom cabinetry, adorned with a full fleet of stainless-steel appliances. Located towards the rear of the first floor is the first bedroom and a 1/2 bath on the first floor for your guest. Up a flight of stairs, 3 spacious bedrooms await you, and down the hall a fully tiled bathroom is adorned with state-of-the-art wall & floor tiles. Every bedroom features a split central air for both heating and cooling. Just down the flight of stairs, the high ceiling fully finished basement is equipped with SEPARATE back entrance and interior access and with the THREE additional rooms, bathroom and kitchen. This property has been fully remodeled by an expert team of contractors featuring select hardwood wood flooring, recessed lighting, updated electrical, heating and plumbing systems throughout . The double wide shared driveway leads you to a sizable yard with a detached garage. Conveniently located with proximity to major transportation which makes commuting a breeze. Just off Avenue N, and a stone’s throw to schools, shopping centers, restaurants, cafes, parks and many other vibrant neighborhood amenities.

Features

  • Rooms: 12
  • Bedrooms: 7
  • Baths: 2 full / 1 half
  • Style: Cape Cod
  • Year Built: 1925
  • Garage: 1-car
  • Heating: Electric
  • Cooling: Central Air
  • Basement: Finished, Full
  • Approx Sq. Feet: 2,058
  • Acreage: 0.05
  • Est. Taxes: $7,372
  • Lot Desc: Back Yard, Front Yard, Garden, Paved
  • Elem. School: Ps 203 Floyd Bennett School
  • Middle School: Jhs 78 Roy H Mann
  • High School: James Madison High School
  • School District: Community District 22
  • Appliances: Dishwasher, Gas Oven, Microwave, Refrigerator
  • MLS#: 967047
  • Days on Market: 6 days
  • Website: https://www.raveis.com
    /prop/967047/1514e55thstreet_brooklyn_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.

William Raveis Family of Services

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.

Jonathan Matel, The Matel GroupLuxury Properties Specialist

508.221.1770

Jonathan.Matel@Raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

Frank MerolaVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1020051

508.740.5922

Frank.Merola@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Allen GellermanInsurance Sales Director, William Raveis Insurance

617.686.2668

Allen.Gellerman@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

1514 E 55th Street, Brooklyn, NY, 11234

$850,000

Jonathan Matel, The Matel Group

Luxury Properties Specialist

William Raveis Real Estate

Phone: 508.221.1770

Jonathan.Matel@Raveis.com

Frank Merola

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 508.740.5922

Frank.Merola@raveis.com

NMLS Mortgage Loan Originator ID 1020051

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $680,000 $680,000 $680,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.250% 6.000% 5.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.069% 6.121% 5.885%
Monthly Tax Payment $614 $614 $614
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,755 $4,077 $5,601
Total Monthly Payment $4,461 $4,783 $6,307

* 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.