Beautifully renovated, 65 Gates Avenue offers modern luxury on one of Clinton Hill's most desirable blocks. Residence No. 1 is a stunning triplex unit, featuring 2 bedrooms, 2 bathrooms, finished rec room, and a private garden space, providing an expansive and serene retreat in the heart of Brooklyn.
This spacious home seamlessly blends contemporary living with classic charm. As you enter, you are greeted by beautifully restored hardwood floors and original details throughout. The windowed kitchen is a chef's dream, featuring an integrated refrigerator and dishwasher, GE gas range, custom hardwood cabinetry, quartz countertops, and a striking marble mosaic backsplash. The living room boasts lovingly restored wainscoting, large windows and a beautifully restored original mantel, adding a touch of historic elegance. From the living room there is access to the balcony and the unit's private garden- a beautiful outdoor oasis ideal for relaxing or entertaining.
The lower level houses two spacious bedrooms, each offering comfort and privacy. The primary bedroom easily accommodates a king-size bed and has direct access to the garden. The bathroom has luxurious floor and porcelain wall tiles, creating a spa-like experience. The second bedroom is perfect for a guest room or home office. The finished rec room could be configured to suit any owner's needs - as a home gym, secondary living room, home office or kids playroom. Additional amenities include central HVAC, a video intercom system, and a full-size washer and dryer, ensuring modern convenience.
Located just one block from Clinton Hill's vibrant Fulton Street, this home offers a village-like feel with access to top dining options like Michelin-starred Otway and local favorites such as Locanda Vini e Olii, Sisters, and Aita. With nearby parks, convenient subway access, and the vibrant community of Clinton Hill, Residence No. 1 offers the perfect combination of historic Brooklyn charm and contemporary luxury.
The complete terms are in an offering plan available from the Sponsor (File No: CD240041).
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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 | $1,519,200 | $1,519,200 | $1,519,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.040% | 6.360% | 5.930% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,626 | $9,354 | $12,616 |
Total Monthly Payment | $8,751 | $9,479 | $12,741 |
* 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.