590 Lorimer Street is Williamsburg's newest boutique condominium development, offering three stunning residences in the heart of one of the most sought after neighborhoods in NYC.
Residence 1 is an expansive duplex with two bedrooms, two spa-like bathrooms, a private backyard, and an oversized flexible recreation room. The residence features a flexible layout with a spacious open floor plan, perfect for hosting gatherings with an enormous picture window inviting immense western sunlight into your living space. The kitchen is a gourmet chef's dream, equipped with top-of-the-line appliances including a Miele dishwasher and Bertazzoni refrigerator, microwave drawer, and range. The Caesarstone quartz countertops provide additional seating and an abundance of prep space while the Calacatta tile backsplash adds a touch of elegance.
Both bedrooms, including the primary, can be found in the rear of the home on the upper level. The bathrooms feature matte black Kohler faucets, fixtures, and rain showerheads, as well as lit medicine cabinets for added convenience and modern aesthetic. The in-unit Bosch washer/dryer ensures that laundry is a breeze.
The lower level serves as an immense recreation room with the opportunity to add an additional sleeping area, play space, nursery, home office, or media room to meet your needs. A large private storage area and your own private backyard complete the space.
The location of this home is truly unbeatable. Situated just one block from the L and G trains at Lorimer Street, commuting is a breeze. When it comes to dining options, you'll be spoiled for choices along Metropolitan Avenue and beyond and McCarren Park is a short walk away.
THE COMPLETE OFFERING TERMS ARE IN AN OFFERING PLAN AVAILABLE FROM THE SPONSOR. FILE # CD220065
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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 | $1,759,200 | $1,759,200 | $1,759,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.625% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.004% | 6.738% | 6.307% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $10,266 | $11,264 | $14,964 |
Total Monthly Payment | $10,391 | $11,389 | $15,089 |
* 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.