Brooklyn (Downtown Brooklyn), NY, 11201 | $399,000

Offered as an estate sale and sold completely as is, this apartment presents a rare opportunity to create a home entirely to your own taste. Requiring a complete renovation, it offers an excellent layout in a well-maintained cooperative, making it well worth the work. Beyond your front door is one of Brooklyn's most desirable neighborhoods, surrounded by acclaimed restaurants, world-class cultural institutions, and outstanding transportation.

A gracious entry foyer opens to a bright, east-facing living room with well-balanced proportions overlooking mature trees and landscaped grounds. The separate windowed kitchen is more than ten feet long and sits directly beside the living room, allowing you to create a spacious great room. The corner bedroom features windows on two sides. Nearly square in shape, it is remarkably easy to furnish.

The bathroom is located off the hall, around the corner from the foyer and beside the bedroom, out of view from the apartment's main living spaces. Four large closets provide generous storage throughout.

One block from Fort Greene Park, the location is among Brooklyn's most desirable. BAM anchors one of New York City's premier cultural destinations with internationally acclaimed theater, dance, music, opera, and film, while Myrtle and DeKalb Avenues are home to some of Brooklyn's most acclaimed restaurants, including Roman's, Sailor, Evelina, Theodora, Café Paulette, and Olea. Nearly every major subway line is within easy reach, making this one of Brooklyn's most convenient locations for commuting throughout the city.

University Towers is a well-maintained cooperative with an attended lobby, landscaped grounds, fitness center, community room, laundry facilities, bike storage, and on-site parking.

Features

  • Town: Brooklyn
  • Cooling: Other
  • Levels: 14
  • Rooms: 3
  • Bedrooms: 1
  • Baths: 1 full
  • Laundry: Building Other
  • Complex: University Towers
  • Year Built: 1958
  • Common Charge: $1,130 Monthly
  • Pet Policy: Building No,No
  • MLS#: RLS20102493
  • Days on Market: 3 days
  • Website: https://www.raveis.com
    /prop/RLS20102493/191willoughbystreet_brooklyn_ny?source=qrflyer
Copyright © 2026  The Real Estate Board of New York, Inc., All rights reserved
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 Bank Neary Inc   Phone: (212) 633-2727

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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
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Brooklyn (Downtown Brooklyn), NY, 11201

$399,000

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 $319,200 $319,200 $319,200
Term 360 months 360 months 180 months
Initial Interest Rate** 6.125% 6.490% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.424% 6.640% 5.972%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $1,939 $2,015 $2,651
Total Monthly Payment $2,014 $2,090 $2,726

* 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.