This residence is a testament to refined living, offering a blend of modern convenience and timeless elegance. Offering 2-bedrooms and 2 full bathrooms, residence #3A provides a sunny and peaceful exposure towards the south. The efficient yet spacious layout, features 12’ high ceilings and 10’ high doors. Tierra herringbone European oak flooring adds a touch of sophistication. Imported Italian custom kitchen cabinetry, Bertazzoni range, and two spa-like bathrooms elevate the design aesthetic, showcasing the meticulous attention to detail and luxurious finishes that define this residence. The true highlight of the home is the abundance of custom-built storage provided within the closets and the living space, offering both functionality and style. Additionally, the slim-duct heating and cooling system, along with a Bosch stackable W/D, provide added convenience and comfort for modern living. Nestled in the vibrant neighborhood of Williamsburg, Element 88 offers the perfect blend of urban convenience and cultural richness. Situated moments from Greenpoint, this prime location provides close proximity to renowned bars, restaurants, cafes, and boutique shops, making it a hub of creativity and innovation in Brooklyn. Additionally, the residence is only four blocks away from the sprawling greenery of McCarren Park and offers easy access to two different subway lines, ensuring seamless connectivity to the rest of the city. As for building amenities, residents at Element 88 enjoy opportunities for relaxation and recreation without leaving the comfort of home. Features include a virtual doorman reception/package room, an impressive 6, 000 SF indoor/outdoor resident lifestyle space complete with a wet bar, grill, kid’s play zone, lounge area, turf, and sunbathing area. Additional perks include a state-of-the-art fitness center and a roof deck with breathtaking views over Brooklyn and towards Manhattan Element 88 stands as a testament to modern urban living, offering not only a luxurious residence but also a vibrant community and a wealth of conveniences right at your doorstep.
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William Raveis Real Estate
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $5,196 | $5,196 | $5,196 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.841% | 7.159% | 6.538% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $35 | $35 | $45 |
Total Monthly Payment | $110 | $110 | $120 |
* 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.