|
WELCOME TO UNIT 504 AT 714 SENECA AVENUE Pristine top-floor corner condo offering open, unobstructed neighborhood views and exceptional privacy. Situated on the highest residential floor of a boutique elevator building, this beautiful 1-bedroom, 1-bathroom residence benefits from dual exposures that maximize brilliant, all-day natural light. Pairing a highly efficient layout with remarkably low monthly overhead, this home is a perfect match for both primary buyers and savvy investors. THE RESIDENCE The home features a quiet penthouse-level corner layout with expansive oversized windows streaming natural light into every room. The gourmet open kitchen is perfectly configured with custom granite countertops, open breakfast-bar seating, excellent cabinet storage, and premium stainless steel appliances. A spacious, pin-drop quiet bedroom sanctuary comfortably accommodates a king-size furniture suite alongside deep closet storage. Immaculate, pristine hardwood flooring runs seamlessly across the entire floor plan. THE BUILDING, LOBBY, AND AMENITIES Repurposed and converted into a highly sought-after 17-unit boutique condominium in 2002, 714 Seneca Avenue blends classic structural character with modern living. Residents and guests are welcomed by a large, inviting entrance lobby that makes an immediate impression. The beautifully maintained space features timeless terrazzo tile flooring paired with polished granite and classic marble wainscoting along the walls. Striking brass-trimmed entryways frame the space, complemented by contemporary multi-bulb branch chandeliers that bring a warm, sophisticated glow to the interior. Building amenities offer an impressive, low-maintenance package, including secure elevator access directly to the fifth floor and central laundry facilities inside the building on the 2nd floor. The property also boasts a magnificent, fully furnished community roof deck featuring panoramic views of the entire Manhattan skyline. THE LOCATION AND NEIGHBORHOOD GROWTH The building is perfectly positioned at the cultural crossroads of Ridgewood and Bushwick, making your daily commute and social life effortless. The M train at Seneca Ave is situated just a half-block away, and the L and M trains at Myrtle-Wyckoff are only 3 blocks from your front door. This specific pocket of the neighborhood is experiencing a massive wave of exciting growth, with incredible new independent venues opening constantly. Your immediate square block is teeming with phenomenal culinary, coffee, and nightlife staples just 1 to 3 minutes away: Sieve: One of the area's newest additions just down the block, quickly becoming the ultimate neighborhood go-to for premium matcha, custom lattes, and specialty coffee. The Seneca: Located just a block and a half away for killer smash burgers, craft cocktails, and an incredible weekend brunch. Velma: A gorgeous, retro-chic tavern just down the street serving up exceptional Italian-American comfort food. Hungry Burrito and Seneca Falafel: Perfect quick-bite spots located steps from your front door. Food Bazaar: Immediate proximity to this massive supermarket on Myrtle Ave makes grocery hauls incredibly convenient. FINANCIAL SUMMARY Asking Price: $599, 000 Low Monthly Common Charges: $313 per month Estimated Taxes: $625 per month The unit is highly investor-friendly with a straightforward approval process and subletting allowed.
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:
$589,000
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 | $471,200 | $471,200 | $471,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.615% | 5.952% |
| Monthly Tax Payment | $636 | $636 | $636 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,822 | $2,975 | $3,913 |
| Total Monthly Payment | $3,550 | $3,703 | $4,641 |
* 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.