Welcome to residence 8E at 11 Hoyt Street! This apartment is one of the first resales in a brand new, luxurious full-service condo in the heart of Brooklyn, offering an unparalleled amenities package and unbeatable location. Residence 8E is a spacious and sunny Alcove Studio with a separate sleeping area. As soon as you enter your airy apartment, you will notice 10-foot ceilings and an oversized window bringing in abundant natural light and open downtown Brooklyn views. This alcove studio offers a separate sleeping area perfect for privacy, and can easily accommodate a king-sized bed and nightstands, or a home office. Residence 8E offers a classic color palette with White Oak hardwood floors throughout, white satin-lacquer cabinets and honed Italian lava stone countertops and backsplash in the open concept chef’s kitchen. The kitchen comes fully equipped with premium Bosch appliances, including a gas range, vented stovetop, and dishwasher. The unit also includes plenty of storage with a large walk-in closet and an additional closet which holds the in-unit Bosch washer/dryer. The spa-like bathroom provides a tranquil space to relax with its deep soaking tub, and features a custom light stand oak vanity and heated floors. Additionally residence 8E comes equipped with USB outlets, WiFi enabled smart thermostat, and a Latch smart entry door lock. Recently built 11 Hoyt Condominium sets a new Brooklyn standard in visionary design. The first residential project in New York from Michaelis Boyd Associates, who designed the interiors, combined with Studio Gangs architecture and beautiful landscaping by Hollander Designer make 11 Hoyt a one-of-a-kind project. Unparalleled design combines contemporary and traditional aspects throughout the entire building, where 29, 000 sq ft of luxurious amenities are spread over two levels. The third-floor includes a 75 foot pool, spa, fitness center, squash court, multiple outdoor BBQ grills, a coworking lounge, salon lounge, playroom, and more, all connected to private outdoor parks. The 32nd floor Sky Club includes private dining and entertainment spaces with panoramic views of the city. 11 Hoyt Street’s prime location allows you to easily enjoy everything that Brooklyn and Manhattan have to offer. It is just steps away from multiple shops, restaurants, and bars including Trader Joe’s, Whole Foods, and DeKalb Market Hall with over 40 food vendors and with easy access to multiple subway lines (Q, R, N, A, C, F, G) you will get to Manhattan and other Brooklyn neighborhoods in minutes. Nearby Brooklyn Bridge Park and Barclays Center complete this to be an unbeatable location. Contact us today to schedule your visit to see this rare opportunity.
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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 | $588,000 | $588,000 | $588,000 |
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 | $658 | $658 | $658 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,573 | $3,573 | $4,647 |
Total Monthly Payment | $4,323 | $4,323 | $5,397 |
* 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.