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Welcome to The Shelton at 775 Lafayette Avenue This stylish new apartment building brings Manhattan to Brooklyn. Located at 775 Lafayette Avenue, apartments sport posh solid oak hardwood floors, oversized windows, huge bedroom closets, foyer coat closets, and intelligently hidden appliances. The building also has a part-time doorman and video intercom for residents’ convenience, the lobby harbors high ceilings and chic decor. The outside courtyard gives a beautifully landscaped entrance to the building. Discover your perfect starter home at The Shelton 775 Lafayette Avenue, a sleek and affordable 1-bedroom HDFC cooperative apartment in the lively Bedford-Stuyvesant Heights section of Brooklyn! This modern gem is designed for first-time homebuyers who meet the maximum income guidelines, offering a rare chance to step into homeownership with ease. Inside, you’ll find a stylish galley kitchen with gleaming countertops, a built-in microwave, and the ultimate convenience of an in-unit washer and dryer—no more laundromat runs! The open living space is bathed in natural light, flowing effortlessly into a cozy bedroom that’s just right for your fresh start with a custom designed bedroom closet! But the perks don’t stop at your door. Work up a sweat in the building’s private gym, or host game night in the recreation lounge—perfect for friends and family. Stay organized with your own personal storage space and enjoy peace of mind with secured mail delivery for all those Amazon packages. An added plus, down payment assistance is available for eligible first-time homeowners (80% AMI), making this chic, modern apartment a super affordable purchase. Why rent when you can own this Bed-Stuy beauty? Seize the day and make it yours! Max Income (1) Person: $97, 830. 00 Max Income (2) Person: $111, 870. 00 Monthly Assessment: $133. 00/month | 36 Months from 3/1/2025
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$350,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $280,000 | $280,000 | $280,000 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,770 | $1,839 | $2,344 |
Total Monthly Payment | $1,845 | $1,914 | $2,419 |
* 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.