319 Prospect Place, #PHB, Brooklyn (Prospect Heights), NY, 11238 | $3,395,000

Introducing 319 Prospect Place - an exclusive new luxury development nestled in the heart of Prospect Heights, just moments from Grand Army Plaza, Prospect Park, and the iconic Brooklyn Public Library. Designed for the discerning homeowner, this corner boutique building offers eight distinct units, each exuding contemporary elegance and unparalleled craftsmanship.

The striking facade of German-engineered textured thin brick captivates the eye at the corner of Prospect Place and Underhill Avenue, setting the tone for the refined aesthetic that awaits within. Step into the contemporary lobby and common spaces, adorned with porcelain floor tiles and bathed in natural light streaming through oversized European-style windows. A package room with a refrigerator ensures seamless deliveries.

Penthouse B epitomizes luxury living, boasting European white oak engineered wood floors and surface mount bedroom light fixtures that accentuate the modern ambiance. On the main floor, the gourmet kitchen is a culinary enthusiast's dream, featuring white quartz countertops, painted wood shaker cabinetry, and panel-ready appliances seamlessly integrated for a sleek aesthetic. Enhancing the culinary experience, a ceramic farmhouse sink and under counter wine cooler cater to the most discerning tastes, while top-of-the-line appliances including a Liebherr 36" refrigerator and freezer, Bertazzoni induction range, and Bosch fully-integrated dishwasher elevate every meal preparation. The expansive living/dining space provides the perfect backdrop for entertaining guests or simply unwinding in style while an adjacent bedroom can function as an extension of your living space. Both the bedroom and living room open up to a huge private terrace that expands the possibilities of indoor/outdoor living.

Indulge in the utmost comfort with three full bathrooms adorned with honed Carrara marble tile and electric heated tile floors, exuding timeless elegance. Satin nickel plumbing fixtures and a wood double vanity in the primary bath evoke a sense of luxury and sophistication, creating an oasis for relaxation and rejuvenation. Two spacious bedrooms, including a primary with a walk in closet and en-suite bathroom, and additional office space or den are located on the second floor of the home.

The masterpiece of this luxury penthouse is on the third floor where you will find an immense private roof terrace with city skyline views. Beyond the confines of this luxurious abode lies the vibrant neighborhood of Prospect Heights, where an array of cultural and recreational delights await.

Immerse yourself in the lush greenery of Prospect Park, embark on a literary journey at the Brooklyn Public Library, or savor culinary delights at the diverse array of eateries lining the bustling streets. With easy access to transportation and an abundance of amenities at your fingertips, Prospect Heights epitomizes the quintessential Brooklyn lifestyle.

THE COMPLETE OFFERING TERMS ARE IN AN OFFERING PLAN AVAILABLE FROM THE SPONSOR. FILE # CD230166

Features

  • Town: Brooklyn
  • Cooling: Unknown Type
  • Levels: 5
  • Amenities: Roof Deck;
  • Rooms: 6
  • Bedrooms: 3
  • Baths: 3 full
  • Laundry: Other
  • Year Built: 2024
  • Pet Policy: Pets Allowed
  • Washer/Dryer Allowed: Yes
  • Washer / Dryer: Yes
  • Balcony: Yes
  • Terrace : Yes
  • Building Access : Walk-up
  • Service Level: Virtual Doorman
  • OLR#: RPLU63223241269
  • Days on Market: 30 days
  • Website: https://www.raveis.com
    /prop/RPLU63223241269/319prospectplace_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 Residential Sales LLC

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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:

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319 Prospect Place, #PHB, Brooklyn (Prospect Heights), NY, 11238

$3,395,000

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 $2,716,000 $2,716,000 $2,716,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.375% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.821% 6.474% 6.036%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $15,421 $16,944 $22,736
Total Monthly Payment $15,546 $17,069 $22,861

* 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.