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524 3rd Street stands as a Neo-Italian Renaissance townhouse envisioned by the renowned Brooklyn architect Axel Hedman in 1909. Nestled on one of Park Slope's most coveted tree-lined streets, this impressive residence serves as a gateway to Prospect Park. Encompassing a generous 4, 000 square feet, this captivating 18. 25-wide home spans four stories and is currently arranged as an upper triplex with a separate entry on the garden level. Beyond the gracious and private forecourt, a grand stoop entry leads to the expansive triple parlor floor of the owner's unit. Adorned with period details, lofty ceiling heights, and a striking fireplace, this floor becomes an ideal space for entertaining. A living room, dining room, and spacious chef's kitchen contribute to a welcoming and gracious layout. A rear terrace adjacent to the kitchen provides a perfect setting for al fresco dining. The upper triplex comprises four sizable bedrooms with two renovated bathrooms, strategically placed on each floor. The top floor also hosts a small office. Recent upgrades such as Mitsubishi split units throughout are a welcome amenity. The professional space on the lower level offers versatile options, serving as an additional income source, a gracious guest suite, or the potential to seamlessly integrate into the upper triplex, forming a stunning single-family home. 524 3rd Street is mere minutes away from Prospect Park, the historic Grand Army Plaza, and the Union Street and 7th Avenue subway stations, ensuring convenient access to all of Brooklyn and Manhattan. Furthermore, the charming boutique shops, cafes, and restaurants along 5th and 7th Avenues are just steps away. This home presents unparalleled value and convenience in the heart of prime Park Slope.
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Our Executive Mortgage Banker:
Our Insurance Division:
$4,790,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $3,832,000 | $3,832,000 | $3,832,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.955% | 6.612% | 6.182% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $22,059 | $24,221 | $32,337 |
Total Monthly Payment | $22,184 | $24,346 | $32,462 |
* 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.