281 Union Avenue is a Building located in the Williamsburg neighborhood in Brooklyn, NY. 281 Union Avenue was built in 2014 and has 7 stories and 33 units.
Williamsburg, located in the borough of Brooklyn, borders Greenpoint to the north, Bedford-Stuyvesant to the south, Bushwick, East Williamsburg, and Ridgewood (Queens) to the east, and Fort Greene to the West. Williamsburg has rapidly evolved from a manufacturing neighborhood in the mid-1990s to the gentrified and highly sought-after real estate destination it’s known for today. Known for its vibrant nightlife, art scene, and its ever-expanding food scene, Williamsburg is an ideal fit for the artistically inclined (not to mention the hipster generation). With its proximity to Lower Manhattan, Williamsburg has emerged as the preferred home base for many young workers in New York City.
With the recent unprecedented rate cut by the Federal Reserve, banks have been inundated with people looking to take advantage of lower interest rates. Because of the overwhelming demand, we have not yet seen a huge reduction in mortgage rates. While we aren’t there yet, it is likely that we will see a dramatic shift in the upcoming months, which raises the question, “What does a 1 point difference in interest rate do for my bottom line?”Read more