491 Monroe Street, #1B, Brooklyn, NY, 11221 | $750,000

This newly listed unit qualifies for a special First Time Homebuyer Program that allows for as little as 5% down, current rates in the 5. 5% range, and NO PMI! Welcome to Residence 1B, a beautifully designed duplex offering exceptional flexibility, sophisticated finishes, and approximately 1, 000 square feet of private outdoor space—a true rarity in Brooklyn. From the expansive patio to the lush lawn, the backyard feels like a natural extension of the home, creating the perfect setting for entertaining, relaxing, and everyday living. The sun-filled main level features wide-plank hardwood floors, an open-concept kitchen with abundant walnut cabinetry, white quartz counters all paired with Bertazzoni and Bosch appliances, and an in-unit washer and dryer all flowing seamlessly into the spacious living/dining area. The Queen sized bedroom overlooks the backyard, while the full bathroom features a deep soaking tub and heated floors for year-round comfort. Downstairs, an expansive finished lower level dramatically expands the home’s versatility. Complete with a powder room, a walk-in closet, generous ceiling height, and direct access to the rear garden via the areaway- this incredible flex space functions beautifully as a media room, home office, fitness studio, guest retreat, creative space, or an impressive primary suite. Perfectly situated in the heart of Bedford-Stuyvesant, Residence 1B places you moments from some of Brooklyn’s most beloved cafés, restaurants, and neighborhood favorites. Enjoy local favorites including Daphne's, Saraghina, Peaches, L’Antagoniste, Trad Room, and Chez Oskar, along with neighborhood coffee shops, bakeries, and markets that make Bed-Stuy one of Brooklyn’s most sought-after communities. Commuting is effortless with the Kingston–Throop Avenue C station and the Nostrand Avenue A/C stations nearby, providing quick access to Downtown Brooklyn, Manhattan, and beyond. Numerous bus routes and Citi Bike stations make getting around the city just as convenient.

Features

  • Parking: On Street
  • Heating: Electric, Radiant Floor
  • Cooling: Electric
  • Rooms: 5
  • Bedrooms: 1
  • Baths: 1 full / 1 half
  • Laundry: In Unit
  • Year Built: 2018
  • Common Charge: $618 Monthly
  • Approx Sq. Feet: 1,037
  • Acreage: 0.05
  • Est. Taxes: $9,431
  • Elem. School: Ps 308 Clara Cardwell
  • Middle School: Ms 267 Math, Science & Tech
  • High School: Boys And Girls High School
  • School District: Community District 16
  • Pets Allowed: Yes
  • Appliances: Dishwasher, Dryer, Gas Range, Refrigerator, Stainless Steel Appliance(s), Washer
  • MLS#: 1027162
  • Days on Market: 3 days
  • Website: https://www.raveis.com
    /prop/1027162/491monroestreet_brooklyn_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of Real Broker NY LLC   Phone: 855-450-0442

William Raveis Family of Services

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.

Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
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  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

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
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

491 Monroe Street, #1B, Brooklyn, NY, 11221

$750,000

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 $600,000 $600,000 $600,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.125% 6.625% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.424% 6.764% 5.992%
Monthly Tax Payment $786 $786 $786
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,646 $3,842 $4,982
Total Monthly Payment $4,524 $4,720 $5,860

* 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.