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Brooklyn (Kensington), NY, 11218 | $599,000
Prime Kensington opportunity at 525 Ocean Parkway!
This spacious two-bedroom co-op with a private balcony offers a bright, comfortable layout and tasteful updates throughout.
Enter into a proper foyer with a coat closet that leads to a spacious dining area and an oversized living room with direct access to a balcony large enough for a seating or dining setup. The windowed eat-in kitchen offers generous counter space, stainless steel appliances that include a dishwasher, and abundant cabinetry. The bathroom has been updated and features a brand-new mirrored medicine cabinet, a vanity, and a full tub with shower. Most lighting throughout the apartment has been upgraded to energy-efficient LED fixtures. The king-size primary bedroom benefits from western light, while the second bedroom enjoys both northern and western exposures. Closet space is excellent, and hardwood floors run throughout the home. The apartment has been freshly painted and is ready for its next owner. 3 functioning A/C units are included with the purchase. If you are a fan of sunsets, 5K is your place to enjoy them!
525 Ocean Parkway is a professionally managed elevator building with a live-in super and porter, a first-floor laundry room, and waitlisted parking for $175 per month. Cats and dogs are allowed with prior approval. Unlimited subletting is permitted after two years of ownership. Reasonable maintenance includes real estate taxes and all utilities except electricity.
Located just a block from Cortelyou Road at the crossroads of Kensington and Ditmas Park, you'll be moments from popular cafés, dining, and conveniences. Transportation is easy with the Q and F trains nearby, as well as an express bus stop on Cortelyou. The flip tax is $40 per share, payable by the buyer. Also, there is a $1, 000 transfer fee payable by the buyer and a $1, 000 transfer fee payable by the seller.
If you're searching for a place to call home in one of Brooklyn's most established neighborhoods, Apartment 4A is ready to welcome you.
Features
- Town: Brooklyn
- Levels: 6
- Rooms: 4
- Bedrooms: 2
- Baths: 1 full
- Laundry: Building Other
- Year Built: 1963
- Common Charge: $1,160 Monthly
- View: City
- Pet Policy: Building Yes,No
- MLS#: RLS20095527
- Days on Market: 5 days
- Website: https://www.raveis.com
/prop/RLS20095527/525oceanparkway_brooklyn_ny?source=qrflyer
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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888.699.8876
Contact@raveis.com
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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
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
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Brooklyn (Kensington), NY, 11218
$599,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $479,200 | $479,200 | $479,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 6.500% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.230% | 6.650% | 5.866% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,912 | $3,029 | $3,947 |
| Total Monthly Payment | $3,004 | $3,121 | $4,039 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535