Immediate occupancy!
Oceanside two-bedroom residence with private balcony!
Immaculately designed, this two-bedroom, two-bathroom residence features Eastern exposures and an exterior balcony. Expansive 9' ceilings floor-to-ceiling windows flood the residence with an abundance of natural light, six-inch European stained white oak plank flooring throughout and abundant closet space accentuate the elegance and luxury of this thoughtfully designed residence.
The open kitchen designed by Me and General Design delivers a fully integrated LG and GE stainless steel package including a dishwasher, microwave, French-door refrigerator, gas range and stove. Custom and generous white and grey lacquer cabinetry, Honed Carrara Quartz countertops, and glazed ceramic backsplashes ideal for entertaining.
The laundry room features sleek ventilated Bosch washer and dryer for the utmost in convenience. The five-fixture Kohler contemporary bath complete with grey and white porcelain and ceramic tiling paired with custom cabinetry complete this spectacular home.
Amenities are available to residents at One Sixteen featuring a lobby lounge, full-service fitness center, bike storage, on-site parking (availability and additional fees may apply), and the Eight Floor Club: a giant entertainment space featuring Western panorama, with beautiful bay and ocean views. Life at One Sixteen truly articulates a beachside living lifestyle.
The complete offering terms are available in an offering plan from Sponsor. File No. CD180140. Sponsor: Beach 116 Associates LLC, 2361 Nostrand Avenue, Brooklyn, NY, 11210. Equal Housing Opportunity.
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Our Executive Mortgage Banker:
Our Insurance Division:
$775,000
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 | $620,000 | $620,000 | $620,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.055% | 6.256% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,125 | $4,073 | $5,229 |
Total Monthly Payment | $4,217 | $4,165 | $5,321 |
* 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.