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Welcome to 346 88th Street, a lovely home nestled on a quiet, tree-lined block in the heart of highly desirable Bay Ridge, Brooklyn. This charming home offers a wonderful opportunity for homeowners or investors looking to join one of Brooklyn’s most sought-after neighborhoods. Remarkably rare find has a garage and two additional parking spaces. Wow! The home features a comfortable layout with generous living space, filled with natural light and original architecture. The seller owned this lovely property for 60 years and maintained it beautifully. Whether you are looking to move right in, renovate, or customize to your taste, this property provides the perfect canvas. Ideally located just minutes from shopping, restaurants, parks, and public transportation, residents enjoy the best of Bay Ridge living. The neighborhood is known for its strong sense of community, beautiful streets, and convenient access to Manhattan. The highlight is that you are only three blocks from the promenade! Enjoy the views of the Verrazano Bridge and the gorgeous sunsets. This is a fantastic opportunity to own this gem - blink and it's gone!
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.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
$1,150,000
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 | $920,000 | $920,000 | $920,000 |
| 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 | $736 | $736 | $736 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,224 | $5,665 | $7,763 |
| Total Monthly Payment | $6,085 | $6,526 | $8,624 |
* 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.