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Welcome to 68 Woodruff Avenue, an 8-unit boutique condo building just one block south from historic Prospect Park that was developed into condominiums in 2021. Unit 4B was built as an 879-square foot, 2-bedroom, 1-bathroom simplex with terrace and is shown as that per the offering plan 1st amendment floor plans and architect's report description, although the schedule A has a discrepancy as it is shown as a 1-bedroom, 1-bathroom simplex. The layout is absolutely fantastic and has winged bedrooms and 2-exposures making for a bright space. This unit is 2 interior flights up.
As you enter the unit, you'll immediately notice the light from the double-door terrace radiating on the living room and flowing into the dining area. The entryway has 3-closets, one of which contains a washer-dryer and the others for storage. The windowed kitchen features an island with breakfast bar seating, gas stove, built-in microwave, dishwasher, and stainless steel refrigerator. The primary bedroom is stunning with 2-closets and 3-bay style windows. The secondary bedroom has a closet and window. Train access is at the B/Q about 2 blocks away and there are many surrounding popular eateries, coffee shop, and retail stores. Pet friendly building. Please note, the listed taxes are what the current owners are paying with the "Cooperative and Condominium Tax Abatement" applied, please consult your tax advisor with any questions.
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Our Executive Mortgage Banker:
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$880,000
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 |
|
---|---|---|---|
Loan Amount | $704,000 | $704,000 | $704,000 |
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% | 6.727% | 6.309% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,997 | $4,508 | $5,988 |
Total Monthly Payment | $4,089 | $4,600 | $6,080 |
* 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.