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The opportunity you’ve been waiting for—available for the first time in 50 years. Residence 24 is a ~1, 300 SF two-bedroom, one-bath home in a premier Brooklyn Heights co-op at 61 Pierrepont Street. This flexible layout offers the potential to create a three-bedroom, two-bath residence, as many shareholders in the “4” line have done, or to retain a graciously proportioned two-bedroom. The apartment’s proportions are exceptional, featuring 9’3” ceilings, original moldings, and hardwood floors in excellent condition. The co-op permits vented washer/dryers, vented kitchen hoods, the addition of a second bathroom, and, in certain cases, central air conditioning—all with board approval. This intimate 40-unit cooperative is meticulously maintained. Recent capital improvements include new elevator cabs, Local Law 11 compliance work, extensive hallway renovations, and restoration of the building’s original 1924 stained-glass windows. Plans for a beautifully designed roof deck are currently under review with the DOB, with anticipated completion in the near future. The building is financially stable, with low maintenance, no current assessments, a live-in superintendent, and a strong sense of community. Perfectly positioned on a quiet, tree-lined block in the heart of Brooklyn Heights, between Hicks and Henry Streets, the building is just two blocks from the Promenade and one block from Montague Street’s shops and dining. Convenient access to major subway lines including the R, 2/3, A/C/E, and 4/5. Subletting permitted for 2 out of every 5 years after two years of ownership. Buyer pays a 1% transfer tax. Pied-à-terre use, co-purchasing, parental purchasing, and gifting are allowed. Pet-friendly.
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:
$1,650,000
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 | $1,320,000 | $1,320,000 | $1,320,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.235% | 6.058% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $7,392 | $8,020 | $11,050 |
| Total Monthly Payment | $7,517 | $8,145 | $11,175 |
* 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.