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Welcome to 475 Sterling Place, Apartment 2B – a light-filled, south-facing 2Bed, 2Bath lofty Condo where Prospect Heights meets Crown Heights in a full-service elevator building that transfers with a deeded Parking Space valued over $100, 000 and large storage unit. Step inside to discover over 1, 100 square feet of ideally designed space, where floor-to-ceiling windows flood the home with natural light, spacious rooms offer room to grow, and high ceilings make the space feel airy and loft-like. The open concept living space is versatile and offers room to play with a flexible layout. A dining table for 6 comfortably fits into the space as well. The open kitchen is outfitted with grey stone countertops, stainless steel appliances, and a large center island with a breakfast bar—perfect for casual meals or entertaining. The ideal split-bedroom layout offers an ideal separation of space. Each bedroom easily fits a king-sized bed with room to spare. The primary suite features an ensuite bath with a sleek walk-in shower, and the second bedroom is larger than most primary bedrooms and features a large walk-in closet. An in-unit washer/dryer, separate zone for heating and cooling, window treatments, and generous closet space make this home check all the boxes. 475 Sterling Place is a lovely boutique community with 45 units and 5 stories, constructed in 2006. The building has a ramp, part-time doorman (M- F 5p – 11p), a full-time super, a sun-filled gym with a Peloton treadmills and bikes, a children's play space, on-site parking, a garden with barbecue, a furnished roof deck with sweeping views, bike parking, large storage units, and is pet-friendly. There is a 421A tax abatement until 2034. There is an assessment for $41/month through April 2029. Located at the crossroads of Prospect Heights and Crown Heights, residents enjoy a short walk to the Brooklyn Museum, Brooklyn Botanic Garden, Prospect Park, the Saturday farmers market, and subways 2, 3, 4, 5, B, Q, and C. The weekend Farmers Market, vibrant shopping, and delicious dining options along Vanderbilt, Washington, and Franklin Avenues are just steps away. Incredible local businesses, including Radio Bakery, Gertrude’s, Olmsted, Chuko, Weather Up, R&D Goods, Mermaid’s Garden, and Prospect Butcher Co.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,400,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
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Loan Amount | $1,120,000 | $1,120,000 | $1,120,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.625% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.712% | 6.764% | 6.435% |
Monthly Tax Payment | $63 | $63 | $63 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,536 | $7,171 | $9,603 |
Total Monthly Payment | $6,724 | $7,359 | $9,791 |
* 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.