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Residence 4B at 1240 Bedford Avenue is a refined two-bedroom, one-bathroom condo in the heart of prime Bed-Stuy and one of only two units in the building with a rare parking space.
The updated kitchen is sharp and well-appointed, with refreshed cabinetry opening into a bright, open living and dining area - comfortably sized for a full seating arrangement alongside a small dining table. A Juliet balcony and windows throughout keep the space airy and light-filled. The primary bedroom is scaled for a king, is back facing with southern light and carries a calm, settled quality ensuring a tranquil retreat at night. The second bedroom is also spacious offering room for king sized furniture. Ample storage can be found throughout the home.
A tax abatement in place through 2030 meaningfully reduces carrying costs. The building facade and shared courtyard are currently being refreshed, with completion anticipated this April - an investment that will further elevate the building's presence and common spaces. Residents enjoy excellent amenities including laundry facilities, bike racks, a landscaped common courtyard, elevator access, and pet-friendly living. The recently renovated lobby is equipped with a video intercom and security system.
One block from the A and C at Nostrand Avenue, with the S and G nearby. Franklin Avenue and Fulton Street are moments away: destination dining, cocktail bars, neighborhood cafés, gyms, grocers, and green space, all within a short distance.
A conveniently located home that balances form and function, equipped with parking in one of the borough's most energized neighborhoods.
Some photos are virtually staged.
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:
$699,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $559,200 | $559,200 | $559,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.512% | 5.866% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,349 | $3,489 | $4,606 |
| Total Monthly Payment | $3,441 | $3,581 | $4,698 |
* 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.