1701 ALBEMARLE Road, #B5, Brooklyn (Prospect Park South), NY, 11226 | $850,000

Great opportunity to purchase an affordable two bedroom home in the one of the area's most sought-after buildings!

This spacious apartment has many desirable features and a floor plan that offers the flexibility to create an additional room. Upon entering, to your left is a large eat-in kitchen with great corner windows, a dishwasher and tons of cabinet and counter space. An extra large foyer makes for a great home office area, or a space to hold a formal dining table. Both the primary bedroom and living room are extremely large; the bedroom has four huge windows with two exposures and lots of light! Both a bathtub and a separate shower stall are featured in the windowed bathroom; the shower stall can be converted to hold an in-unit washer/dryer which are allowed on approval. There is a good sized second bedroom and throughout the apartment are pre-war details, hardwood floors, and plenty of closet space.

Berkeley Square is a popular art deco co-op with strong financials, healthy reserves, and affordable maintenance. Additionally, the co-op owns several rental units in the building providing long-term financial security for the building. The building has three full-time doormen, a live-in super, a full-time porter, a bike room, common outdoor space, extra storage available for rent (possible waitlist), and parking in a gated adjacent lot for $125/month (waitlist). Close to Prospect Park and all it has to offer including the nearby LeFrak center, with ice skating rink in the winter, and roller skating and splash pad in the summer. Berkeley Square is adjacent to the private, cooperatively owned Knickerbocker Tennis Club. One block from the B and Q trains at Church Avenue and close to the revamped Kings Theatre, as well as all the amenities of Church Avenue and Cortelyou Road, including the year-round Cortelyou farmers market. It's also less than a mile from the Kensington Dog Run.

Furnished photos are virtually staged.

Features

  • Town: Brooklyn
  • Levels: 6
  • Rooms: 4
  • Bedrooms: 2
  • Baths: 1 full
  • Laundry: Building None
  • Year Built: 1937
  • Common Charge: $661 Monthly
  • Pet Policy: Building Yes,Yes
  • MLS#: RLS20094546
  • Days on Market: 8 days
  • Website: https://www.raveis.com
    /prop/RLS20094546/1701albemarleroad_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 Douglas Elliman Real Estate   Phone: (212) 891-7000

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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

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1701 ALBEMARLE Road, #B5, Brooklyn (Prospect Park South), NY, 11226

$850,000

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $680,000 $680,000 $680,000
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 $92 $92 $92
Initial Principal & Interest Pmt $3,861 $4,187 $5,738
Total Monthly Payment $3,953 $4,279 $5,830

* 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.