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Unlock the Potential of This Oversized One-Bedroom Co-op Opportunity awaits at 1405 Prospect Place! This spacious one-bedroom co-op is brimming with potential and offers the perfect chance to create the home you've always envisioned. Featuring high ceilings, hardwood floors, and an expansive layout, this residence provides the space and character that are increasingly hard to find. The layout provides plenty of room for entertaining, relaxing, or creating a dedicated work-from-home space, while the generously sized bedroom comfortably accommodates a king-size bed with room to spare. Large windows fill the apartment with natural light, enhancing its open and airy feel. This home is ready for your personal touch, making it an excellent opportunity for buyers looking to customize every detail to their own taste while building equity. The building offers excellent amenities, including a live-in superintendent, basement storage, bike space, and a spacious shared garden. You'll also enjoy convenient access to public transportation, neighborhood parks, local restaurants, and shopping. Whether you're a first-time buyer looking for a value-add opportunity or seeking to design a home tailored to your style, this oversized one-bedroom offers exceptional potential in a sought-after Brooklyn location. Additional Information: HDFC Co-op: Income restrictions apply. Pet Policy: Pets allowed upon approval. Subletting: Allowed after 2 years of ownership and upon board approval for a maximum of 1-3 years for each 5-year period. Maintenance: $605/month (includes heat and hot water)
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Our Executive Mortgage Banker:
$305,000
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 |
|
|---|---|---|---|
| Loan Amount | $244,000 | $244,000 | $244,000 |
| 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 | $1,483 | $1,541 | $2,026 |
| Total Monthly Payment | $1,558 | $1,616 | $2,101 |
* 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.