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Long-time Brooklyn residents know about the stately mansions found along Albemarle Road, the park-like boulevard that forms the heart of this Landmarked neighborhood in Prospect Park South. 1112 Albemarle road was built in 1899 by famed developer Dean Alvord, who created a suburban like enclave in bustling Brooklyn, with huge homes and even bigger lots, this one at 8000 SF including a park-like backyard with mature trees and a long private driveway leading to a detached two-car garage.
The Queen Anne style home is over 5500 square feet, and retains many original features and woodwork. Stained glass windows, fireplaces, an enclosed front porch, a large foyer leading to an impressive central staircase (one of two), this home has features and idiosyncrasies that have been lost to time. The main level features imported french tile flooring and contains a number of large rooms and salons, including a formal dining room, living room, family room, library, sunroom, and a powder room as well as the large kitchen.
The second floor has 5 large bedrooms, all with at least two exposures and abundant closets, along with two full bathrooms. The third floor, in addition to two more bedrooms, contains the attic studio, a massive open space with 5 huge windows and soaring vaulted ceilings. Re-imagine this as an incredible primary bedroom, art studio, gym, office or playroom.
The basement offers additional space for storage as well as laundry. Mechanicals were updated in 2019, as was the roof.
The house has been in one family for decades and is ready to be transformed into whatever the next owners desire. The location is one of the most desirable in all of Brooklyn, near to prospect Park, with convenient subway access and great restaurants and cafes in adjacent Ditmas Park.
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:
$3,700,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $2,960,000 | $2,960,000 | $2,960,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.069% | 6.110% | 5.932% |
| Monthly Tax Payment | $1,352 | $1,352 | $1,352 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $16,345 | $17,747 | $24,580 |
| Total Monthly Payment | $17,822 | $19,224 | $26,057 |
* 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.