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Stylish Condo Living in a Quintessential Park Slope Brownstone Setting - 561 5th Street. And it's currently zoned for PS 321!
Modern conveniences are mixed with touches of Old-World charm in this 2 Bed, 1 1/2 Bath, Garden Duplex on one of Park Slope's most coveted park blocks. Intelligently integrated into a classic 20' wide Italianate Brownstone, the sprawling first floor and lower level are built the full width of the building, providing you and your family ample room to live and grow.
It all starts with the wide-open Family Room: hardwood floors, crown molding, and a wood burning fireplace with original carved marble mantle lend the charm, while the triple faceted Bay Window allows light and air to flow in. The formal dining area is here, conveniently located next to a pass-through galley kitchen featuring hardwood cabinets, black marble counters, and full-sized Stainless-Steel appliances -- perfect for entertaining guests or feeding the troops.
Secluded in the rear of the unit is the Primary Bedroom, a quiet oasis with two large windows and a windowed door overlooking your Private Garden, allowing light and air to waft through.
The garden itself is the true gem: basket-weave patterned bricks lead to flower beds brimming with annual flowers and shrubs, while two stately Cedar trees provide privacy and shade for outdoor dining with the family, or quiet Sunday mornings sipping coffee.
The second bedroom is just down the hall: Queen-sized, it has tons of closets and garden views of its own. The Full Bath is on this floor as well, featuring a deep Jacuzzi tub along with subway tiles and pedestal sink, the latter paying homage to the building's historic past.
The second level is a great addition: your laundry is here, as well as a Half Bath. There's plenty of space for storage along with two large rooms to be used as a home office, children's art/playroom, recreation room, or a teenage grotto. Whatever you choose, the bonus space is here for your imagination. All this, plus there's a multi-zone climate control system throughout.
As mentioned, the location is sublime: Fifth Street on a park block right next to the Crown Jewel of Brooklyn - Prospect Park, where morning walks and summer concerts await. Currently zoned for PS 321, it's close to everything Park Slope is known for. The fresh air markets at Grand Army Plaza and Pritchard Square are both within reach. Incredible world class dining is all around. . . Pasta Louise, Fonda, Azul, the list goes on. Local favorite Nighthawk Cinema is within an easy stroll. Transportation is a snap, as the subway is a short 3 blocks away.
Apartments of this quality in Park Slope proper don't come around very often, so please come to our first Open House this Sunday, March 22nd, from 12-1: 30 PM. We hope to see you there!
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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Our Executive Mortgage Banker:
$2,345,000
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 | $1,876,000 | $1,876,000 | $1,876,000 |
| 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 | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $10,652 | $11,551 | $15,831 |
| Total Monthly Payment | $10,777 | $11,676 | $15,956 |
* 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.