Welcome to the epitome of modern urban living at 1 City Point, Brooklyn! This exceptional 792-square-foot 1-BR boasts an impressive blend of luxury and convenience. This south-facing, pin-drop quiet home is drenched with sunlight throughout the day. The grand proportions of the living room offer a large lounge space, as well as a separate dining area, making it ideal for entertaining. The state-of-the-art kitchen is separate from the living room and offers plenty of space for storage and multiple chefs. The kitchen features sleek white quartz countertops, custom oak millwork, and fully integrated appliances from Miele including a 5-burner gas range, 36” refrigerator, oven, and speed oven. The spacious bedroom can fit a king-size bed and dresser and enjoys a large reach-in closet. The easily accessible bathroom has a full-sized tub, custom Waterworks fixtures, and radiant heated floors. Expansive floor-to-ceiling soundproof windows frame breathtaking panoramic Brooklyn views. High ceilings, beautiful wide-plank stained oak floors, an in-home washer/dryer, great closet space, and a harmonious dark wood color palette with nickel fixtures and finishes all make this upscale unit the perfect modern Downtown Brooklyn home. Brooklyn Point is a transformative residential development offering residents a one-of-a-kind living experience. It is the only for-sale residential building at the popular retail, dining, and entertainment center, City Point, and has one of the most comprehensive amenities packages in the entire city with 40, 000 sq. ft. of private indoor and outdoor facilities including the highest residential infinity pool in the Western Hemisphere. Relax and rejuvenate with building amenities that include a hot tub, sauna, spa, and steam room. Stay active with a fully-equipped gym, yoga/Pilates studio, rock climbing wall, Squash/basketball court, cycling studio, and putting green. For leisure, enjoy the game room, screening room, wine library, and resident's park lounge and bar. Pet owners will appreciate the pet spa, while the playroom caters to diverse interests. Additional conveniences include cold storage and wine storage. The building offers a full-time doorman and concierge service, ensuring a seamless lifestyle experience. With an elevator, common outdoor space, and a roof deck, this residence provides the perfect balance of luxury and practicality. One City Point is situated close to Cadman Plaza, Commodore Barry, Fort Greene Parks, Brooklyn Academy of Music, Barclays Center, and several unique Brooklyn neighborhoods that include Brooklyn Heights, DUMBO, Fort Greene, Cobble Hill, and Boerum Hill. It is just one stop from Manhattan and has easy access to 11 subway lines. This investor-friendly condop offers one of the last 25-year tax abatements in the city, and no flip tax.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,475,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,180,000 | $1,180,000 | $1,180,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.955% | 6.612% | 6.182% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,793 | $7,458 | $9,958 |
Total Monthly Payment | $6,918 | $7,583 | $10,083 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.