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CLOSINGS HAVE COMMENCED! NOW OFFERING IMMEDIATE OCCUPANCY.
Introducing REED, a brand-new condominium, situated on a picturesque tree-lined street at the border of Gowanus and Park Slope, a few blocks from Whole Foods, the Bartel-Pritchard Square Greenmarket, and Prospect Park.
Situated on a picturesque tree-lined street at the border of Gowanus and Park Slope, enjoy effortless duplex living with this brand new studio home, unit 1A, with massive downstairs recreation room.
Interiors boast tall ceilings, warm white oak hardwood floors, and an in-unit washer and dryer. Oversized double-paned and double-glazed windows let in abundant natural light, and concrete sub-flooring between levels allows for additional insulation and sound resistance. A brand new Daikin air and heating system offers seamless temperature control.
On the upper level is a bright , open-plan living room, dining room, and kitchen with south-facing windows. The kitchen has gleaming quartz countertops and Bertazzoni appliances, including an electric stove, microwave, dishwasher, and large refrigerator with built-in ice maker. Also upstairs is the f ull bathroom with beautiful textured tilework, a built-in medicine cabinet, and a drawered custom vanity.
The lower level is completely open with its own entrance. Some potential uses include a private home office, a fitness studio, a media room, or a theater room.
REED is a 7-unit boutique condominium with a charming 25-foot-wide redbrick facade and a common rooftop deck where residents can lounge, entertain, and enjoy breathtaking sunrises and sunsets with expansive 360-degree views.
Bouldering Project Brooklyn and Movement Gowanus are local rock-climbing gyms with memberships and classes. Residents can check out The Bell House for comedy shows and live events, while The Royal Palms Shuffleboard Club is much more than your average bar.
For eats and drinks, Sip and Play is a popular spot for groups with bubble tea, beer, and over 300 board games. Four and Twenty Blackbirds is famous for its handmade pies, while other neighborhood favorites include Sweet Talk, Table 87 for amazing pizza, Prospect Bar and Grill Tavern, BreakHouse Cafe, Villa Mia Pizza, Alma Negra, Olivier Bistro, Maya and Camila Cafe, Shelsky's bagels, and Mexiana.
Images of Model Unit. Please see floorplan for layout guide
THE COMPLETE OFFERING TERMS ARE IN AN OFFERING PLAN AVAILABLE FROM SPONSOR. FILE NO. CD23-0311.
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William Raveis Real Estate
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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 |
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Loan Amount | $559,200 | $559,200 | $559,200 |
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% | 7.025% | 6.132% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,535 | $3,674 | $4,681 |
Total Monthly Payment | $3,627 | $3,766 | $4,773 |
* 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.