Brooklyn (Prospect Heights), NY, 11238 | $500,000

Perfectly scaled for effortless Brooklyn living, this sun-drenched one-bedroom, one-bathroom co-op offers an intimate and thoughtfully appointed retreat in the heart of Prospect Heights. A coveted corner property on the second floor delivers dual north and eastern exposures, flooding the open living and dining area with generous natural light throughout the day. Two Juliette balconies frame the living space and invite Springtime vegetable and flower planting — a rare and welcome touch in the city. Original parquet floors, high ceilings and elegant crown molding speak to the building's distinguished 1924 heritage, while the updated kitchen brings a clean contemporary sensibility with modern white cabinetry, marble countertops, and stainless steel appliances including a dishwasher and updated electric stove (gas hook-up available). Ceiling fans in both the living room and bedroom add comfort and charm year round. The king-sized bedroom is a true sanctuary — generously proportioned to easily accommodate a writing desk, with a dedicated closet and a freshly updated windowed bathroom. A video intercom system offers modern convenience and additional private storage is available for rent within the building along with bike storage. Built in 1924, The Nancy Lincoln is a distinguished 46-unit boutique co-op celebrated for its handsome brick facade, gracious marble lobby and landscaped courtyard. Pets are welcome, and subletting is permitted after one year of ownership. Parents purchasing and guarantors are allowed. Positioned just two blocks from Prospect Park and Grand Army Plaza and steps from the Brooklyn Botanic Garden, the Brooklyn Museum and some of Brooklyn's most beloved restaurants, Unit 2B offers the very best of Prospect Heights living — with the 2/3, 4/5 and B/Q trains just moments away. Please reach out for more information and showings. Photos are virtually staged.

Features

  • Town: Brooklyn
  • Levels: 5
  • Rooms: 2
  • Bedrooms: 1
  • Baths: 1 full
  • Lot Size: 47.670000x97.750000
  • Laundry: Common On Floor,Common Area
  • Year Built: 1924
  • Common Charge: $940 Monthly
  • Approx Sq. Feet: 0
  • Est. Taxes: $0
  • View: City
  • Pet Policy: Building Yes,Cats OK,Dogs OK
  • Appliances: Electric Cooktop,Electric Oven,Refrigerator,Stainless Steel Appliance(s)
  • MLS#: RLS20081926
  • Days on Market: 33 days
  • Website: https://www.raveis.com
    /prop/RLS20081926/400lincolnplace_brooklyn_ny?source=qrflyer
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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.
Listing courtesy of Compass   Phone: (212) 913-9058

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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Brooklyn (Prospect Heights), NY, 11238

$500,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $400,000 $400,000 $400,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.875% 6.250% 5.375%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.324% 6.398% 5.614%
Monthly Tax Payment $0 $0 $0
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $2,366 $2,463 $3,242
Total Monthly Payment $2,458 $2,555 $3,334

* 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.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.