Two Bed condo with 3 exposures, a home office and very low monthlies! Step out of the elevator into a bright and flexible home. Past the foyer is a corner living room with room for dining and lounging. Off the living room is a spacious windowed office/den with a Juliet balcony. Heading towards the back of the apartment you’ll pass a deep closet and then an expansive windowed kitchen with dual oven, cooktop, a new dishwasher and plenty of cabinetry. There is plenty of room for a couple cooks to dance around each other or handle more people during a party (doesn’t everyone end up in the kitchen??). At the back of the apartment is a full bath and two bedrooms. One bedroom has two exposures to invite the light in and the other features a balcony large enough for furniture and enjoying more fresh air. This is currently set up as a TV room but was originally designed as 2nd bedroom. Featuring East, South and Western windows and balconies, apartment 2A provides natural light throughout the day. 500 Grand is a boutique 10 unit elevator condo building in Clinton Hill moments from Bed Stuy, Crown Heights and Prospect Heights. Around the corner from Fulton St, Franklin Ave and Washington Ave, there are plenty of excellent restaurants and retail to enjoy. Transportation is abundant with nearby C, A, G trains and multiple CitiBike and bus stations nearby. Enjoy a tax abatement in place for four more years on top of the low monthlies. 500 Grand Ave is pet friendly and is managed professionally.
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $716,000 | $716,000 | $716,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.040% | 6.360% | 5.930% |
Monthly Tax Payment | $238 | $238 | $238 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,065 | $4,409 | $5,946 |
Total Monthly Payment | $4,395 | $4,739 | $6,276 |
* 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.