Welcome to unit 5L at 2821 Kings Highway — Kingsway Gardens, Midwood Brooklyn. Perched on the 5th floor of this well-loved co-op community, this sun-drenched one bedroom, one bathroom residence offers sweeping open views and extraordinary natural light that pours in throughout the day. Move right in — this classic, well-maintained home is clean, comfortable, and ready for its next chapter. The layout is smart and livable: a generous living room is spacious enough that it can accommodate a dining area, perfect for both relaxing and entertaining. The separate windowed kitchen offers great functionality, while the spacious bedroom — elevated above the neighborhood rooftops — captures light and airflow from multiple windows. A windowed bathroom and ample closet space round out this thoughtfully designed floor plan. Hardwood floors run throughout. The building delivers: Kingsway Gardens is a proud, established co-op with an updated elevator, secured lobby with intercom, on-site laundry, a live-in superintendent, security cameras, and garage parking (waitlist). Monthly maintenance covers heat and hot water — keeping your carrying costs refreshingly low. The location is unbeatable. Situated on Kings Highway between East 28th and East 29th Streets, you're steps from supermarkets, pharmacies, restaurants, banks, and the vibrant shops lining the Kings Highway corridor. The B and Q trains are nearby, the 2 train is just minutes away, and multiple MTA bus routes stop right at the building entrance. This is a rare opportunity to own on the 5th floor of one of Midwood's most recognized addresses — at a price point that simply doesn't come around often. No flip tax. Heat and hot water included in maintenance. Parking waitlist available. Board approval required.
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Our Executive Mortgage Banker:
$215,000
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
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $172,000 | $172,000 | $172,000 |
| 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 | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,059 | $1,086 | $1,428 |
| Total Monthly Payment | $1,134 | $1,161 | $1,503 |
* 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.