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582 Park Place introduces a limited collection of four floor-through, two-bedroom condominiums within a thoughtfully renovated four-story brick federal building located in the border of blooming Crown Heights and Prospect Heights. Set along a tree-lined block, the building’s brick façade grounds the project within the historic fabric of the surrounding neighborhood. Residence 4 is a 1, 180-square-foot two-bedroom, two-bath home featuring a private, South-facing Terrace and a large private rooftop, offering a seamless blend of indoor and outdoor living. Open-concept living and dining areas are framed by oversized Pella double-hung windows and complemented by 5” solid white oak flooring and generous ceiling heights throughout. Interiors are grounded in a rich material palette, creating a calm and refined residential experience. The custom-designed kitchen features walnut upper cabinetry paired with Classic-Cream painted lower cabinets, brushed nickel hardware, and Statuario Apuano stone countertops and backsplash. A fully integrated appliance suite includes a Bertazzoni direct-vent gas range, Bosch paneled refrigerator and dishwasher, and Bosch microwave, along with a stainless steel under-mount sink and brushed nickel faucet with integrated hand spray. Bathrooms offer a refined blend of stone and ceramic tile finishes, custom white oak vanities, brushed nickel fixtures, radiant heated floors, and thoughtfully designed layouts including a glass-enclosed shower and deep soaking tub. Additional features include a Daikin two-zoned heat-pump HVAC system, Samsung washer and gas-vented dryer, Akuvox intercom system, central gas hot water heater, and Verizon Fios pre-wiring. 582 Park Place offers a comfortable and convenient place to call home. Surrounded by neighborhood favorites like Bong and Sofreh, and just moments from the Brooklyn Museum and Brooklyn Botanic Garden, residents enjoy access to a bounty of green space at Prospect Park along with fantastic dining, entertainment, shopping and convenient train access to Manhattan. The complete offering terms are in an Offering Plan available from Sponsor. File NO. CD25-0322. Sponsor: 582 PARK PLACE LLC. 338 Northern Blvd, Suite 6 Great Neck, New York 11021. Equal Housing Opportunity.
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:
$1,495,000
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 |
|
|---|---|---|---|
| Loan Amount | $1,196,000 | $1,196,000 | $1,196,000 |
| 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 | $6,791 | $7,364 | $10,093 |
| Total Monthly Payment | $6,916 | $7,489 | $10,218 |
* 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.