Welcome to Apartment 404: a charming one-bedroom condo located in trendy Clinton Hill. Whether you're a first-time homebuyer or investor, this home offers everything you need - and more.
This unit boasts a smart layout with abundant natural light, making every room feel airy and bright. The oversized windows are back-facing, allowing for quiet enjoyment. The living/dining room is complimented by a private balcony that's perfect for morning coffee or evening relaxation. The modern kitchen sports a stainless steel appliance package along with an in-unit W/D. The queen-sized bedroom includes ample storage, and has space for additional furniture. The generous bathroom is outfitted with a deep soaking tub, triple-paned medicine cabinet, and chic floor-to-ceiling tile. Finally, this unit comes with a huge deeded storage unit that, along with shockingly low carrying costs (thanks to an abatement), helps make this turn-key home a dream investment.
The Clinton House Condominium is a well-maintained, 25-unit elevator building. Residents have unfettered access to the full gym and spacious rec room, which is set up for meetings, game nights, dinner parties, and more. The building also has multiple outdoor areas complete with gas grill, seating, and nearby common bathroom. 525 Myrtle is pet-friendly, has bike storage, a secure package room, and a virtual doorman. Originally built in 2017, there isa 421A tax abatement in effect until 2032.
Clinton Hill has undergone significant change in the last decade. Across the street is the Myrtle Plaza, which is leading the way in neighborhood amenities along with the massive Navy Yard, where one can find Wegmans, Brooklyn Grange, Steiner Studios, a 60, 000 sqft food hall, an East River ferry dock, a gigantic new music venue, and more. This historic neighborhood is also home to Pratt Institute's beautiful public arts gardens. With the Classon G train and East River Ferry only a stone's-throw away, what more could you ask for?
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Our Executive Mortgage Banker:
Our Insurance Division:
$700,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $560,000 | $560,000 | $560,000 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,403 | $3,403 | $4,426 |
Total Monthly Payment | $3,495 | $3,495 | $4,518 |
* 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.