Nestled within the highly sought-after University Towers cooperative building in Downtown Brooklyn, this spacious 3-bedroom, 2-bathroom co-op apartment redefines urban living. The thoughtfully designed layout seamlessly flows from the welcoming living room to a formal dining area, a well-appointed kitchen, a full bath, and three bedrooms, including one with an attached full bath. University Towers stands as a beacon of desirability, providing a myriad of advantages to its residents. Boasting a substantial reserve account, the cooperative ensures meticulous upkeep and financial stability. Notably, the absence of a flip tax streamlines the process for residents looking to sell their units, enhancing affordability. The cooperative embraces a flexible approach, allowing gifting, co-purchasing, and pieds-?-terre. Living here epitomizes the fusion of convenience and luxury. Security is paramount with 24-hour surveillance, providing peace of mind. The building features a fitness center, an in-building laundry room, an indoor bike room, and a designated BBQ area, presenting a suite of amenities at your fingertips. Immaculately maintained, University Towers enjoys a prime location with seamless access to diverse Brooklyn neighborhoods, renowned supermarkets such as Trader Joe's, 365 Whole Foods, and Wegmans, as well as an array of retail shops and entertainment options. With subway stations for the B, Q, R/2, 3, 4, 5, and A, C, F lines in close proximity, transportation becomes effortlessly convenient. Live the urban lifestyle in this cooperative haven where comfort, security, and accessibility converge in the heart of Downtown Brooklyn.
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Our Executive Mortgage Banker:
Our Insurance Division:
$948,000
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 | $758,400 | $758,400 | $758,400 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.850% | 6.360% | 5.930% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,247 | $4,670 | $6,298 |
Total Monthly Payment | $4,339 | $4,762 | $6,390 |
* 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.