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Park Slope living is beautifully realized in this expansive three-bedroom, three-bathroom floor-through condominium offering exceptional light, refined finishes and private outdoor space.
Residence No. 3 at 501 8th Avenue spans nearly 1, 700 square feet and occupies the entire third floor of this distinguished landmarked building. With fifteen windows and exposures on multiple sides, the home is filled with natural light throughout the day-an incredibly rare offering in Park Slope. The living room is particularly striking, featuring three oversized windows that frame treetop views and create a bright, airy ambiance.
The open-plan living and dining areas are designed for both effortless entertaining and comfortable everyday living, anchored by a thoughtfully appointed kitchen with custom cabinetry, ample storage and a suite of premium appliances, including a Bertazzoni induction range. A cohesive palette of high-end materials and clean lines carries throughout, creating a sense of understated sophistication.
The well-balanced layout includes four generously proportioned bedrooms and three full bathrooms, offering flexibility for a variety of living arrangements. The primary suite serves as a quiet retreat, while secondary bedrooms are thoughtfully positioned to maximize privacy and functionality. Spa-like bathrooms feature elegant finishes and a calming, modern aesthetic.
Crowning the home is a private 212-square-foot roof terrace, offering a rare opportunity for outdoor dining, lounging or entertaining in a peaceful, elevated setting. This home also has private basement storage.
Set just one block from Prospect Park on a picturesque tree-lined street, 501 8th Avenue is surrounded by some of Brooklyn's best dining, shopping and neighborhood amenities, with convenient access to transportation. Residence No. 3 offers a seamless blend of scale, light and modern luxury in one of Park Slope's most coveted locations.
The complete terms are in an offering plan available from the Sponsor (File No: CD25-0270).
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.Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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Our Executive Mortgage Banker:
$3,300,000
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 | $2,640,000 | $2,640,000 | $2,640,000 |
| 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 | $14,990 | $16,255 | $22,278 |
| Total Monthly Payment | $15,115 | $16,380 | $22,403 |
* 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.