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CORNER 2 BED / 2 BATH WITH TAX ABATEMENT IN BOERUM HILL *Please note, the facade is temporarily obscured by scaffolding with netting. The photos do not reflect the true light conditions. Welcome to Residence 5D at 319 Schermerhorn Street, a 2-bedroom, 2-bath corner unit in the full-service Nevins Condominium. This thoughtfully designed 1, 115-square-foot home offers a functional layout with northern and western exposures. Residents benefit from a 15-year 421a tax abatement through 2033. A proper foyer with a large entry closet leads into the main living space. The west-facing living room is framed by a wall-to-wall built-in shelving unit and media center, with additional space for a dining area. The open kitchen features a high-end Bosch appliance package, Canadian white oak cabinetry, Caesarstone quartz countertops, and bar seating for three. The king-sized primary bedroom has a dual exposure and a large walk-in closet. The en-suite primary bathroom features a walnut veneer double vanity, Caesarstone countertops, and a glass-enclosed shower. The second well-apportioned bedroom offers ample closet space, and a second full bathroom with a soaking tub is across the hall. Additional defining features of the home include wide plank oak floors, an in-unit washer/dryer, and central A/C and heating. The Nevins is a full-service condominium offering a 24-hour doorman and concierge, fitness center, residents’ lounge, children’s playroom, bike storage, private storage, a landscaped roof terrace with panoramic views, and a rear courtyard with lounge seating. Conveniently located at 319 Schermerhorn Street in Boerum Hill, steps away from multiple subway lines. There is a $438/mo assessment through the end of 2025.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,230,000
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 | $984,000 | $984,000 | $984,000 |
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% | 6.739% | 6.309% |
Monthly Tax Payment | $532 | $532 | $532 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,587 | $6,301 | $8,370 |
Total Monthly Payment | $6,244 | $6,958 | $9,027 |
* 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.