Welcome to 1250 Ocean Parkway, located in prime Midwood between Avenues L and M on a quaint service road separated from the main road by a tree-lined median. The building has entrances on Ocean Parkway and also on East 5th Street. Upon entering this well-maintained elevator building, you will notice the well-lit lobby, a part time doorman (F/T from Friday night thru Saturday night for Shabbat), live in porter, bike room, two renovated laundry rooms with new machines, a library, parking garage (waitlist) and a beautiful spacious common outdoor patio area. The building is also equipped with new security cameras.
Legally combined two units S and T make up one large spacious corner apartment at approximately 1, 325 square feet. Apt is located on the 2nd floor, facing East 5th Street a quiet treelined street. Unit features 2 spacious bedrooms, 2 full baths and 2 working kitchens. Oversized bedrooms that can accommodate king sized beds plus much more. There is a separate dining area and large living room great for entertaining. Plenty of natural sunlight throughout.
The building is 100% owner-occupied, subletting is not allowed. No pets allowed. Building has solid financials. Additionally, shopping is located within close proximity. Residents may opt for wait-listed garage parking. Heat and cooking gas are included in the monthly maintenance. Conveniently located in close proximity to the F, B & Q trains and shopping on Avenue M. There is a flip tax of $2. 00 per share (1, 524 shares) that is paid by the seller. If you are interested in a spacious coop apartment in a lovely Ocean Parkway building, this could be your next home.
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $359,200 | $359,200 | $359,200 |
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% | 6.518% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,390 | $2,387 | $3,080 |
Total Monthly Payment | $2,465 | $2,462 | $3,155 |
* 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.