50 Orange boasts luxurious new studios and one bedroom apartments in a premier Brooklyn Heights location, steps to the Promenade. The quintessential tree-lined street with classic red brick is the definition of Brooklyn Heights. The thoughtfully designed units are representative of both the buildings character and the neighborhoods historic charm.
Brooklyn Heights is located directly across the East River from Manhattan, and stretches from the old Fulton Street to Court Street. Brooklyn Heights is surrounded by Dumbo, Downtown Brooklyn, Cobble Hill, and Boerum Hill. This affluent neighborhood has more than a few bonafide bragging rights: picture perfect views of the New York Harbor, Victorian-era brownstones, and proximity to the heavily strolled Promenade.
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