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Brooklyn (Midwood), NY, 11230 | $525,000
Situated in one of Midwood's most desirable locations, 1250 Ocean Parkway is a well-maintained cooperative located between Avenues L and M. Set along Ocean Parkway's charming service road, separated from the main roadway by a tree-lined median, the building offers a tranquil setting with convenient entrances on both Ocean Parkway and East 5th Street.
As you enter the building, you'll be welcomed by a bright, well-maintained lobby. Residents enjoy an array of amenities, including a part-time doorman (Friday evening through Saturday evening for Shabbat), a live-in porter, two renovated laundry rooms located on the main floor, a library, bike storage, a beautifully landscaped common outdoor patio, updated security cameras, and a garage with a waitlist for parking.
This spacious three-bedroom, two-bathroom apartment offers a practical and comfortable layout with a separate dining area, perfect for everyday living and entertaining. Located at the rear of the building, the apartment enjoys a quiet setting away from street noise. Hardwood floors run throughout the home, and each of the three bedrooms features two windows, filling the rooms with abundant natural light and creating bright, airy living spaces.
1250 Ocean Parkway is a 100% owner-occupied cooperative with strong financials. Subletting is not permitted, ensuring a stable residential community. Pets are not allowed.
Monthly maintenance is $1, 294. 87 and includes heat and cooking gas. There is a current assessment of $245. 14 per month, which is in addition to the maintenance. The seller pays the flip tax of $2. 00 per share (1, 442 shares).
Conveniently located near shopping along Avenue M, residents also enjoy easy access to the F, B, and Q subway lines, making commuting throughout Brooklyn and Manhattan simple.
If you're searching for a spacious three-bedroom home in one of Midwood's most desirable and financially sound cooperative buildings, this is an opportunity you won't want to miss.
Photos are Virtually Staged
Features
- Town: Brooklyn
- Cooling: Window Unit(s)
- Levels: 6
- Rooms: 6
- Bedrooms: 3
- Baths: 2 full
- Laundry: Building Other
- Year Built: 1956
- Common Charge: $1,295 Monthly
- Pet Policy: Building No,No
- MLS#: RLS20105179
- Days on Market: 5 days
- Website: https://www.raveis.com
/prop/RLS20105179/1250oceanparkway_brooklyn_ny?source=qrflyer
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 Douglas Elliman Real Estate Phone: (212) 891-7000
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NMLS Mortgage Loan Originator ID 81725
203.980.8025
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Brooklyn (Midwood), NY, 11230
$525,000
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
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $420,000 | $420,000 | $420,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.750% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.474% | 6.902% | 6.098% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,586 | $2,724 | $3,516 |
| Total Monthly Payment | $2,678 | $2,816 | $3,608 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535