Immediate Occupancy. The building is 70% sold and closed. If you are looking for space, space and more space 15 minutes from Manhattan, you have come to the right place. Welcome to Unit 1B at 864 Madison Street, a beautifully designed 1 bedroom, 1. 5 baths, 2K square foot duplex with an additional 1k sf of outdoor living space in the heart of Bedford-Stuyvesant, Brooklyn. With over 3000 sf of indoor and outdoor living space, 1B offers a perfect blend of modern living and outdoor tranquility, to spread out.
Upon entering the unit, you are greeted by a thoughtfully laid-out open kitchen- living space plus bedroom; both leading to the backyard. The modern kitchen, with open concept and state of the art appliances, is a home chef's dream. The open concept seamlessly connects the kitchen to the porch and back garden, creating a nice flow for hosting and casual dining.
The lower level of this duplex hosts 1500 square feet of living space with secret door in between, 2 entrances, laundry and additional refrigerator for hosting. See floorplan and photos for more detail. The choice is yours, whether you want to set up a home theater, create a fitness area, or design a fun game room or just use it as storage.
One of the most unique aspects of Unit 1B is the outdoor space. Step out into your private garden, a true oasis in the city. Spanning a 998 square feet, this garden is perfect for outdoor dining, gardening, or simply enjoying the fresh air. Whether you are hosting holiday parties or need some room to romp around, this backyard offers a very spacious and unique outdoor escape.
With modern finishes, a Cadillac kitchen, and endless opportunities in the incredible lower level, Unit 1B at 864 Madison Street offers the best of indoor and outdoor living in a vibrant Brooklyn neighborhood.
ML shared building amenities include: virtual doorman with code entry, designer lobby, furnished roof deck with porcelain tile serving up Manhattan skyline views, designated bike and surfboard storage, a speakeasy sub-seller for lounging and entertaining, you will never have to leave the building! This boutique condo building is perfectly poised in location (15 minutes on the J to Manhattan) priced under a million, and low monthlies; making 864 Madison Unit 1B an opportunity for any savvy home owner or investor. Make an appointment today!
Please see floorplan for details. This is not an offering. The Complete Offering Terms are in an Offering Plan available from the Sponsor. Sponsor is Madison Lofts LLC 1059 Fulton Street Brooklyn, New York 11238. CD19-0185
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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 | $680,000 | $680,000 | $680,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.000% | 5.875% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.963% | 5.983% | 5.805% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,650 | $4,022 | $5,601 |
Total Monthly Payment | $3,742 | $4,114 | $5,693 |
* 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.