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Want to choose your own finishes? Rare opportunity to buy a loft condo that has already gone through demolition, and the expense that goes with it. The floors have been leveled, the plans have been drawn and filed, there are a couple contractor credits, and this gorgeous space is ready for your personal touch. The unit is one of three condos in a corner building that was formerly a bus drivers union social hall called Transit Hall, built in 1931. The classic architectural details include 10' ceilings, exposed brick, and bayed corner. The unit gets great light that streams in through nine windows.
If you're tired of cookie cutter condos, and want to design your own, here's your chance! Exceptionally low common charges of $250/month and taxes of $242/month. Located at the confluence of Clinton Hill, Bed-Stuy, and Williamsburg, neighborhood hotspots include the Kosciuszko Pool, Herbert Von King Park, C'Mon Everybody, numerous bars, cafe's and restaurants. It is just a few blocks from the G train, so it's easy to get to other Brooklyn neighborhoods, and transfer to Manhattan.
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:
$799,000
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 |
|
|---|---|---|---|
| Loan Amount | $639,200 | $639,200 | $639,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.474% | 6.640% | 5.972% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,936 | $4,036 | $5,308 |
| Total Monthly Payment | $4,028 | $4,128 | $5,400 |
* 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.