Welcome to 16 Monroe Place, a beautifully restored prewar rental building! 16 Monroe is a reimagined classic landmark located on one of the most sought-after streets in Brooklyn Heights. This distinctive building stands out in all of Brooklyn. Its prime location offers a perfect blend of historical charm and modern convenience. Each residence has been meticulously renovated from the ground up and features designer finishes throughout. The kitchen boasts a stainless steel Blomberg refrigerator and stove, a Fisher & Paykel dishwasher, and light white and gray veined Caesarstone countertops and backsplash, complemented by soft gray shaker-style cabinetry and brass fixtures. The luxurious bathrooms are designed with button and herringbone tile, a floating vanity with a countertop sink, and elegant brass fixtures. The unit also includes an LG all-in-one washer dryer. Light wash wood flooring, large windows, and a Juliet balcony flood the apartment with natural light throughout the day. Exclusive to residence nine is a private roof deck offering sweeping views of Brooklyn Heights and beyond. 16 Monroe Place is ideally situated in Brooklyn Heights, renowned for its picturesque tree-lined streets, historic brownstones, and close proximity to the iconic Brooklyn Promenade with its stunning views of the Manhattan skyline. Residents benefit from easy access to a variety of local amenities, including boutique shops, cozy cafes, trendy restaurants, and vibrant cultural attractions. Combining historical charm, modern comforts, and a prime location, this building offers an exceptional living experience in one of Brooklyn’s most desirable neighborhoods. $5, 954 is the Net Effective Rent based on a 13-month lease with 1 month free.
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.
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Our Executive Mortgage Banker:
Our Insurance Division:
$5,954
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 | $4,763 | $4,763 | $4,763 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 5.990% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.470% | 6.161% | 5.248% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $29 | $29 | $38 |
Total Monthly Payment | $104 | $104 | $113 |
* 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.