Brooklyn (Kensington), NY, 11218 | $399,000

Welcome Home!
This oversized 1 bedroom apartment is one you'll definitely want to entertain in. Boasting an almost 22' x 22' open concept living/dining area, this unit has lots of flexibility for however you wish to live. There is plenty of space for a large living room, a large dining table/area, and generous landing space at the front door which is also equipped with a large coat closet. An updated modern kitchen is delineated with a kitchen island which hosts a few stools and extra storage. For those so inclined, a home study could also easily be carved out of this gracious floor plan.
Unit 1T is on the 2nd floor, one flight up from the lobby/ground floor, facing the quiet backside of the building with eastern exposures. The modern kitchen features stainless appliances including a dishwasher and over the range microwave. The shaker style cabinetry offers lots of storage and coupled with the white quartz counters, add a timeless appeal to this beautifully renovated kitchen. Feeling completely separate from the living space, you'll need enter the hall and pass two closets, a linen and one a large walk-in, and the bathroom to reach the a large bedroom. The bedroom has room for a king size bed and much more, including yes- more closets, that span the entire width of the room. The bathroom is in good shape, in a neutral tile and outfitted with an exhaust and heat lamp.
The entire unit has original parquet wood floors, newer easy clean windows and through wall AC units. The coop over many years has completed most of their capital upgrades such as a new roof, new windows, new boiler and has just finished its Local Law 11 work.

This coop has been approved through National Valley Bank for first time homebuyers to receive what is currently a 5. 75% mortgage interest rate.

515 East 7th St. is The Manchester, a 123 unit building built in 1961. It was converted to a Coop in 1986. It is a 6 story building with 2 elevators, indoor parking garage (waitlisted), central laundry room, additional storage, bike room and one of the largest common green spaces of any building in the area. Immaculately maintained, it has a live-in super and full-time porter. Conveniently located partially on Cortelyou Rd, it is just 3 blocks from the ever popular Ditmas Park Commercial Strip of shops and a weekend farmers market. It is just a short walk to Prospect Park, the commercial strips of Church Ave, Ft. Hamilton, Ditmas Ave & Newkirk, offering an array of the area's best restaurants, cafe's, bars and shopping. It is almost equal distance between the F & Q train lines with access also to the B & G, many express buses and Citibike. The Manchester is a Cat Friendly building.

Features

  • Town: Brooklyn
  • Heating: Radiant
  • Cooling: Window Unit(s)
  • Rooms: 3
  • Bedrooms: 1
  • Baths: 1 full
  • Laundry: Building Inside,Common Area,None
  • Complex: The Manchester
  • Year Built: 1961
  • Common Charge: $823 Monthly
  • Approx Sq. Feet: 800
  • Est. Taxes: $0
  • Pet Policy: Building Cats OK,Cats OK
  • Appliances: Dishwasher,Stainless Steel Appliance(s)
  • MLS#: RLS20014713
  • Days on Market: 9 days
  • Website: https://www.raveis.com
    /prop/RLS20014713/515e7thstreet_brooklyn_ny?source=qrflyer
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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 Abacus Properties LLC   Phone: (718) 284-4400

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NMLS Mortgage Loan Originator ID 1880936

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Sarah.DeFlorio@Raveis.com

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Brooklyn (Kensington), NY, 11218

$399,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah DeFlorio

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.DeFlorio@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 $319,200 $319,200 $319,200
Term 360 months 360 months 180 months
Initial Interest Rate** 6.500% 6.875% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.058% 7.063% 6.152%
Monthly Tax Payment $0 $0 $0
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,018 $2,097 $2,672
Total Monthly Payment $2,093 $2,172 $2,747

* 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.