Located on a quaint tree-lined "Place" block in Brooklyn Heights, 38 Monroe Place boasts a beautiful brownstone facade and a sunken mansion entry, giving it a grand and elegant appearance. With five bedrooms, five full bathrooms, and three powder rooms spread across 22 feet and 5 stories (including a finished basement), this home offers over 7, 200 square feet of living space. The interior is beautifully designed, with excellent ceiling heights and oversized windows that let in plenty of natural light.
The garden and parlor floor extension create a unique and gracious layout perfect for entertaining. Luxurious features include an elevator that services all floors, a chef's kitchen with an en suite living room, two remote activated gas fireplaces, and a full floor master suite with two walk-in closets, a dressing room, and a marble bath. The wide plank, Rift White Oak floors throughout the home add a touch of sophistication.
In addition to the indoor living space, there are three sizable outdoor spaces - a planted garden, a fourth-floor rear terrace, and a massive roof terrace with breathtaking views of the Manhattan skyline, New York Harbor, and all of Brooklyn. The house is pre-wired for power shades on all windows, with power shades installed on the first three floors, and a lighting control system throughout the house, adding to the modern luxury feel.
Located on the historic Monroe Place, which dates back to the early 1830s and is named after James Monroe, 5th President of the United States, this picturesque street is lined with townhouses and historic architecture. The home is conveniently located only minutes from Manhattan and steps from local schools, charming restaurants, and cafes, and the famed Brooklyn Heights Promenade.
Overall, this elegant home offers palatial space, classic contemporary style, and modern luxury, making it an exceptional find in the heart of New York City's first historic district.
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$12,950,000
William Raveis Real Estate
Phone: 888.699.8876
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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 | $10,360,000 | $10,360,000 | $10,360,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.769% | 6.270% | 5.864% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $58,013 | $62,948 | $85,339 |
Total Monthly Payment | $58,138 | $63,073 | $85,464 |
* 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.