|
|
JUST LISTED BORDER OF NORTH/EAST WILLIAMSBURG 5 MIN WALK TO GRAHAM AVE L TRAIN LOW MONTHLY TAXES SUN-FLOODED SOUTH-FACING 1 BEDROOM W/PRIVATE BALCONY OVERLOOKING OLIVE PARK'S SERENE & QUIET INTERIOR MEDITATION GARDEN RESORT-STYLE CONDOMINIUM LIVING WITH 5-STAR AMENITIES INVESTOR FRIENDLY CAN BE DELIVERED VACANT DIRECTLY ACROSS FROM COOPER PARK WASHER/DRYER HOOKUP RARE OPPORTUNITY IN ONE OF BROOKLYN'S MOST SOUGHT-AFTER CONDOMINIUMS!
Welcome to 100 Maspeth Avenue, a rare opportunity to own a SUN-DRENCHED, SOUTH-FACING 1-bedroom with PRIVATE OUTDOOR SPACE in the highly sought-after Olive Park Condominium, one of Williamsburg's premier full-service luxury condominiums directly across from Cooper Park.
INVESTOR OPPORTUNITY:
This residence can be purchased with an excellent paying tenant already in place with an estimated cap rate close to 5%, OR can be delivered vacant for primary end users.
South-facing units with private balconies in Olive Park are extremely limited and rarely become available.
LOW MONTHLY COSTS:
Extremely low monthly taxes approximately $17/month with 421-a tax abatement through 2034
Common charges approximately $774/month including in unit heat, hot water, gas, and full luxury amenities.
Owners only pay electric and internet
Condo insurance approximately $29/month
THE RESIDENCE:
Perched on third floor with beautiful open sky exposure, this home is flooded with natural sunlight all day through oversized California-style windows, creating a bright, airy, and peaceful living experience.
Apartment features include:
Private SOUTH-FACING balcony overlooking the tranquil meditation garden
Incredible natural sunlight throughout the entire day
Spacious open-concept layout ideal for entertaining
High ceilings
Oversized California-style windows
Marble kitchen and bathroom finishes
Updated bathroom vanity recently replaced by owner
Spa-inspired bathroom with rainforest shower and deep soaking tub
Washer/dryer hookup already installed in closet conveniently located near the entrance of the unit
Dishwasher and built-in microwave
Owner recently replaced BOTH HVAC units
Video intercom security system
Enjoy morning coffee, sunset wine, or outdoor dining directly from your own private balcony retreat.
OLIVE PARK CONDOMINIUM:
A luxury full-service condominium offering a true 5-star resort-style lifestyle:
Indoor heated ALL-NATURAL SALTWATER POOL
Spa with jacuzzi and sauna
State-of-the-art fitness center
24-hour doorman & concierge
Resident lounge with fireplace
Business & entertainment lounge
Landscaped meditation garden with BBQ grills
Rooftop with Manhattan skyline views
Pet spa and PET FRIENDLY building
Private storage unit included
Optional indoor garage parking and bike storage available
LOCATION:
Perfectly positioned where East Williamsburg meets North Williamsburg directly across from Cooper Park.
Moments to the Graham Avenue L train
Easy access to the G train and JMZ lines
Surrounded by Williamsburg's best cafés, restaurants, boutiques, nightlife, and parks
WHY THIS HOME:
Private outdoor space. South-facing sunlight. Full-service luxury amenities. Extremely low taxes. Strong investment potential. Prime Williamsburg location.
Whether you are searching for a primary residence, pied-à-terre, or high-performing Brooklyn investment property, this residence checks every box.
Disclaimer: Furniture and décor shown in listing photos have been virtually staged to showcase the unit's potential. Layouts, dimensions, and apartment configuration are represented accurately.
Open houses by appointment only.
Contact me today to schedule your private showing before it's gone!
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.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
$679,888
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 | $543,910 | $543,910 | $543,910 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.375% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.374% | 6.524% | 5.933% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,261 | $3,393 | $4,517 |
| Total Monthly Payment | $3,353 | $3,485 | $4,609 |
* 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.