Willamsburg Gem - Be the first to live in this recently gut-renovated unit (entire apartment redone within past month)- 2 bedrooms, each with windows and closets- Massive living room with room for couches and dining room- Modern all white kitchen cabinets - Glass tiled back splash in kitchen- Located on the 4th floor in the BACK of the building (not facing the street)- High-end virtual intercomBUILDING FEATURES:- Live-in super- Video intercom system- Near major transportation- Pet-friendly- Storage available in building (Low cost)- Surrounded by plenty of shoppingDEAL FEATURES:- CASH BUYER (no financing allowed as per the HDFC rules of the building)- Gifting is allowed- $550 monthly maintenance Income guidelines is as follows:$87,720 (maximum income) for a 1-person household$100,200 (maximum income) for a 2-person household$112,680 (maximum income) for a 3-person household$125,160 (maximum income) for a 4-person household$135,240 (maximum income) for a 5-person household$145,200 (maximum income) for a 6-person household
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