500 Driggs Avenue, #501, Brooklyn (Williamsburg), NY, 11211 | $5,800

he residencies in this building create environments that speak to Brooklyn’s history and unique style. The structure was erected in the early 1900s, operating as a Steam Factory, and still retains many of its’ timeless characteristics. Iron pillars, exposed brick, original factory arching windows, and expansive interiors set the stage for homes that are warm, inviting, and memorable. Each loft-like interior presents high ceilings, oversized living/dining areas, and an update to kitchens and bathrooms installed just over 10 years ago. With superb management by onsite superintendents, the hallways, stairwell, unique entryway-to-lobby, and one of a kind elevators are kept in impeccable condition. Residents can enjoy a few amenities, such as a rooftop deck facing the Manhattan skyline.

Around the way those who reside in this building have access to a seemingly never ending list of outstanding eateries, boutique shops, supermarkets, banks, and nightlife options. From stunning rooftop bars at the William Vale & Williamsburg Hotels to the Smorgasburg and events at McCarren Park there are no shortage of things to get into. For commuting needs there are many options to make your way around the Boroughs or Manhattan such as the Bedford L, Lorimer L/G, Nassau G, East River Ferry, and bus stop at buildings’ foot.

Features

  • Type: Rental Property
  • Town: Brooklyn
  • Amenities: Outdoor Parking; Courtyard; Laundry Room; Roof Deck;
  • Rooms: 3
  • Bedrooms: 1
  • Baths: 1 full
  • Laundry: CoinOperated
  • Year Built: 1900
  • Cooling: Central
  • Pet Policy: Case By Case
  • Building Access : Elevator
  • Service Level: Voice Intercom
  • OLR#: RSFT00120000006279
  • Days on Market: 8 days
  • Website: https://www.raveis.com
    /prop/RSFT00120000006279/500driggsavenue_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 Brick & Mortar 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:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

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500 Driggs Avenue, #501, Brooklyn (Williamsburg), NY, 11211

$5,800

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 Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $4,640 $4,640 $4,640
Term 360 months 360 months 180 months
Initial Interest Rate** 7.250% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.655% 7.146% 6.276%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $32 $31 $39
Total Monthly Payment $107 $106 $114

* 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.