864 Madison Street, #1B, Brooklyn (Stuyvesant Heights), NY, 11221 | $850,000

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

Features

  • Town: Brooklyn
  • Cooling: Unknown Type
  • Levels: 3
  • Amenities: Bike Room; Wheelchair Access; Lounge; Roof Deck;
  • Rooms: 6
  • Bedrooms: 1
  • Baths: 1 full / 1 half
  • Complex: Madison Loft
  • Year Built: 2022
  • Pet Policy: Pets Allowed
  • Washer/Dryer Allowed: Yes
  • Washer / Dryer: Yes
  • Building Access : Walk-up
  • Service Level: Virtual Doorman
  • OLR#: RPLU850722316430
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/RPLU850722316430/864madisonstreet_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 Brown Harris Stevens Brooklyn LLC

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.Alvarez@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

864 Madison Street, #1B, Brooklyn (Stuyvesant Heights), NY, 11221

$850,000

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 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.