Welcome to 248 Palmetto Street - Bushwick's newest and tastefully curated boutique condominium.
Each residence at 248 Palmetto Street offers polished and
refined intent as well as a contemporary approach to new-fashioned living. All
three residences boast Northern and Southern exposures as well as thoughtfully
spacious layouts - most of which include private outdoor space.
Residence #1 is a spacious duplex featuring two bedrooms and 2. 5 baths. Beautiful bay windows provide a view to the tranquil tree-lined street below. The considerably spacious living area, further accentuated by 10' ceilings, provides the luxury of accommodating an array of interior concepts. There is more than enough room for a home office configuration should you choose to work from home.
The custom, meticulously curated kitchen was designed with the modern household in mind. A beautifully veined stone lays effortlessly across the kitchen counters while the back-splash provides character and personality. All the stonework was tastefully chosen to highlight the honey-toned wooden cabinetry which accents the space while providing warmth and depth. The kitchen includes a top-of-the-line Bertazzoni appliance package including a 30" gas stove, double-door refrigerator with a bottom freezer, 24" dishwasher, and an above range microwave.
All of the bathrooms in this home are fastidiously designed and feature a stunning blend of accent features with classic neutrals. The solid wood vanities provide ample storage as well as aesthetic appeal. The city bustle will soon disappear with a tranquil soak in the tub or a long, hot shower. The half bath adds an extra touch of convenience to the unit.
The two bedrooms are well-proportioned, and the primary bedroom features its own ensuite bathroom. The sunny primary boasts sizable windows and a spacious walk-in closet. The ensuite bathroom will be sure to surprise and delight with its gorgeous marble and tile work. Additionally, it is outfitted with brushed nickel fixtures & hardware to tie in with the Calcutta Viola marble that serves as the design's highlight.
Residence #1 also boasts its own verdant oasis in the form of a private backyard. Additional space includes a roomy cellar space downstairs.
248 Palmetto Street rests quietly in the center of the most residential part of Bushwick, home to many neighborhood favorites including L'imprimerie, Abe's Pagoda, Meza Azteca, Ltauha, Carmentas, and many more. Nearest access to public transportation includes the M at Knickerbocker Avenue, as well as the LM at Myrtle Wycoff and J at Gates Avenue.
This is not an offering. The complete offering terms are in an offering plan available from File No. CD#23-0277
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,199,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $959,200 | $959,200 | $959,200 |
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 | 6.821% | 6.396% | 5.990% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,446 | $5,906 | $7,965 |
Total Monthly Payment | $5,571 | $6,031 | $8,090 |
* 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.