1212 Ocean Avenue, #5B, Brooklyn (Ditmas Park), NY, 11230 | $399,000

Welcome to 1212 Ocean Avenue 5B, a sprawling and sunny 2-bedroom, 1-bath apartment with wide open treetop and sky views, located in historic Ditmas Park! Set in a well-maintained pre-war elevator co-op building with chic art deco lobby, live-in super and package room, this corner unit faces North and West providing great lighting.
5B has been well maintained and has a flair of pre-war charm. Throughout the apartment, 10-foot ceilings hardwood floors, and ample closet space. The spacious floor plan features an massive living dining room off the foyer, ideal for entertaining. The galley kitchen is spacious enough to accommodate a dinette.
The primary bedroom is flooded with light and can accommodate a king-sized bed, with plenty of room for a dresser, wardrobe, and vanity or desk. The spacious second bedroom offers endless possibilities for a second full bedroom or guest room, or nursery. The open concept office/study offers a perfect space for comfort and flexibility. The bathroom has alarge tub, a window with tiled ledge, and pedestal sink.
The unit includes four full closets, with additional storage available in the building for an additional fee.
Just four blocks away from the Q train at the Avenue H Station, Newkirk Plaza B and Q stops, you'll be close to Brooklyn College, the new community garden and playground across the street, and neighborhood favorites such as Westwood, Rusty Nail, Wattli Bar, Coffee Mob, Ox Tavern, and Milk and Honey. Easy access to the farmer's market and many popular bars and eateries on Cortelyou Road as well. Pets are welcome!!
This building allows a down payment of 10%. Please note that this is an HDFC property with income restrictions. HDFC Cooperative Median Income Standards apply:

HDFC Income Guidelines
1 Person $130, 440
2 People $149, 160
3 People $167, 760

Features

  • Town: Brooklyn
  • Cooling: Unknown Type
  • Levels: 6
  • Amenities: Private Storage For Fee;
  • Rooms: 7
  • Bedrooms: 2
  • Baths: 1 full
  • Laundry: None
  • Complex: Leon Hall
  • Year Built: 1925
  • Pet Policy: Pets Allowed
  • Building Access : Walk-up
  • Service Level: Voice Intercom
  • OLR#: RPLU33423184703
  • Days on Market: 55 days
  • Website: https://www.raveis.com
    /prop/RPLU33423184703/1212oceanavenue_brooklyn_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
Listing courtesy of Corcoran Group

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NMLS Mortgage Loan Originator ID 1880936

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1212 Ocean Avenue, #5B, Brooklyn (Ditmas Park), NY, 11230

$399,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah Alvarez

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 $319,200 $319,200 $319,200
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.875% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.551% 7.042% 6.160%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,124 $2,097 $2,692
Total Monthly Payment $2,199 $2,172 $2,767

* 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.