Welcome to 637 Madison, a stunning new development of 8 boutique condominiums in Stuyvesant Heights, Brooklyn. These stylish apartments offer studio, 1 and 2-bedroom layouts, featuring a suite of top-of-the-line appliances, wide plank hardwood floors, and oversized windows that flood the rooms with natural light. The modern facade blends seamlessly with the neighborhood while adding a touch of elegance and sophistication to the block. The convenience and exceptional design are just a few things that distinguish this building in this vibrant and historic neighborhood. Apartment 2B is a dream come true for anyone looking for a designer oversized 1-bedroom, 1-bathroom apartment with a private garden. This sun-filled unit boasts 585 sq ft of living space with a north-facing balcony that overlooks the backyard, perfect for entertaining family and friends. 7. 5 inch white oak floors complement and incorporate the unit's unique style. The open kitchen is a chef's delight, outfitted with Blomberg appliances, including dishwasher, a range/oven and vented XO hood. The custom cabinets provide plenty of storage for all your cooking needs, and the stainless-steel sink sits in a well appointed quartz island with custom built-in open storage. You will also appreciate the convenience of a laundry closet with washer/dryer hookups, and unit comes with its own deeded storage. The apartment is a haven of comfort and relaxation, with a generous bedroom that can easily accommodate a king sized bed set and holds ample closet space for your wardrobe. The bathroom features beautiful porcelain tile work, heated floors, a sleek vanity, and a deep soaking tub with rain showerhead for immersive relaxation. Mitsubishi, ductless heating and cooling units offer year-round comfort and efficiency. Enjoy the fresh air and views from your private balcony, which is perfect for unwinding or entertaining. 637 Madison is a prime location for enjoying the best of Brooklyn. Located in Stuyvesant Heights, residents are central to the culture and architecture that the neighborhood is known for. The building is equidistant from Fulton Park and Saratoga Park, one of the area's largest. Enjoy several restaurants, cafes, and bars all within minutes from your doorstep in the adjacent Broadway corridor. A/C trains are nearby at Utica Ave station, with access to local and express J/Z trains at Gates Ave. Don't miss this opportunity to own a piece of Brooklyn's finest. Please contact the sales team for more information or to schedule a private appointment. The complete terms are in an offering plan available from the Sponsor File No. CD23-0146. Equal Housing Opportunity.
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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 | $559,200 | $559,200 | $559,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.708% | 7.133% | 6.256% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,862 | $3,717 | $4,716 |
Total Monthly Payment | $3,954 | $3,809 | $4,808 |
* 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.