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744 Park Place is an 8-unit boutique condo building featuring 3- and 4- bedroom residences. All but one have private outdoor space. The building, with its elegant brick façade accented by carved stone details, has been thoroughly and luxuriously updated in a modern style to create the chic and comfortable living experience you’ve been searching for. The light-filled, spacious residences range from 1170 sq. ft. to 2142 sq. ft. The common charges and taxes are very low compared to similarly sized units, making the purchase prices even more attractive. Unit 2B, with 3 bedrooms and 2 baths is 1170 sq. ft. and includes a 40 sq. ft. dedicated storage unit in the building’s basement, ideal for stashing away your extra things. Unit 3B is also available for viewing. It is a 3 bedroom 2 bath apartment that comes with a 210 sq. ft. private roof deck, plus a 40 sq. ft. dedicated storage unit. Both apartments offer spacious, open-plan living and dining areas that flow seamlessly into well-appointed chef’s kitchens. These are not the tiny kitchens typical of many condos. These kitchenbs boast ample Cambria quartz countertops for food preparation, abundant cabinetry for storage, and top-of-the-line Bertazzoni appliances, including a fully integrated fridge, induction stove, and a properly vented range hood. Friends and family can gather around the island, seated on bar stools, to keep you company as you cook. The generously-sized dining area has room for a table that seats at least 6. Both of the nicely sized primary bedrooms feature an en-suite spa bath, complete with Italian marble floor and wall tiles, and a large walk-in shower. The second bath in each apartment offers a soaking tub and chic terrazzo-like flooring. Additional highlights include an in-unit washer/dryer, multi-zoned heating and cooling, and designer lighting, all complemented by elegant brushed white oak engineered flooring. Located in vibrant Crown Heights, this condo places you just a block away from the various restaurants and shops on Franklin Avenue. It’s close to the 2/3/4/5 and S trains and convenient to the Brooklyn Botanic Garden, the Public Library, Grand Army Plaza Greenmarket, and Prospect Park. The complete offering terms are in an offering plan available from the sponsor 744 Park LLC. File CD230318
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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 | $1,228,000 | $1,228,000 | $1,228,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.625% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.614% | 6.739% | 6.309% |
Monthly Tax Payment | $281 | $281 | $281 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,972 | $7,863 | $10,446 |
Total Monthly Payment | $7,378 | $8,269 | $10,852 |
* 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.