Welcome to Prospect Park Southwest - The Algonquin - your ultimate treetop haven!Imagine blue skies and tree tops every day and panoramic sunset views greeting you every night. Step into The Algonquin, where you'll find one of the most spacious units in the building, offering the perfect blend of charm and modern comfort. This delightful 2-bedroom abode boasts abundant natural light throughout the day, thanks to its multiple exposures. Located on the serene top floor, this unit showcases a flexible layout and alluring pre-war details, including soaring 10' high ceilings, brand new hardwood floors, elegant crown molding, French doors, dishwasher, and ample storage space. Plus, it comes with an additional 36 square foot secured storage cage in the basement. The expansive, windowed kitchen seamlessly connects to the dining and living area, creating an inviting, open atmosphere. Shareholders can relish in the tranquility of the beautifully landscaped courtyard and community garden just steps away from the Art Deco lobby. And with Prospect Park right outside your door, nature's embrace is always within reach. Pet-friendly and professionally managed, The Algonquin fosters a warm community atmosphere, backed by robust financials and diligent maintenance by a full-time superintendent. Stroller parking is conveniently available in the lobby, while laundry facilities and complimentary bike storage are provided in the basement. Nestled on the corner of Prospect Park Southwest and Reeve Place, The Algonquin enjoys a prime location in Windsor Terrace - one of Brooklyn's most vibrant neighborhoods! Just three short blocks from the Fort Hamilton F/G stop, residents have easy access to all the treasures of Windsor Terrace, including neighborhood favorites such as the Vanderbilt Playground, Le Paddock, CENA, and Elk Caf .
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
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Our Executive Mortgage Banker:
Our Insurance Division:
$799,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $639,200 | $639,200 | $639,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.483% | 6.273% | 5.268% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,884 | $3,884 | $5,051 |
Total Monthly Payment | $3,976 | $3,976 | $5,143 |
* 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.