Welcome to 16 Melrose Street - a sprawling boutique condominium in the heart of prime Bushwick.
Residence #1 is a breathtaking 1, 806 sqft floor-through duplex offering 2 bedrooms, 2. 5 baths, a sun-drenched open-concept floor plan, and a verdant outdoor paradise. The thoughtful details and premium finishes truly set this home apart. Features include polished concrete floors, floor-to-ceiling windows, an in-unit washer/dryer, a private Juliet balcony, and your very own 927 sqft backyard oasis. Residence #1 exemplifies indoor/outdoor living at its finest.
The upper level boasts a vast great room that spans the spacious living room, dining room, and kitchen areas. The design of the space effortlessly combines industrial chic with relaxed luxury, reflecting the vibrant, eclectic spirit of Bushwick. Statement finishes include polished concrete floors, sweeping floor-to-ceiling windows, and a wall-to-wall Juliet balcony. The chef's kitchen is an entertainer's dream, featuring an eat-in peninsula and a high-end stainless steel appliance package from Fisher & Paykel and Blomberg, complete with a custom built-in exhaust hood. Polished Caesarstone countertops, a matching backsplash, and Brienza antique copper finishes make this kitchen as beautiful as it is functional.
Both bedrooms offer ample space and abundant light, each with its own private closet. Just steps away, a stunning full bathroom awaits, featuring elegant Calacatta marble flooring, a custom vanity with a vessel sink, and a striking copper tile accent wall. The master bedroom also provides direct access to the serene backyard.
The pi ce de r sistance of this home may very well be the duplex's lower level. The possibilities for this space are limited only by one's creativity, as it could easily function as an office, recreation room, media room, or home gym. Not only does it boast its own private entrance, but it also offers a powder room and direct access to the lower terrace.
16 Melrose Street is just as breathtaking on the outside as it is within. The dramatic exterior of this boutique condominium consists of a trio of contiguous buildings with imported Greek Aluminco facades. Shared amenities include an open rooftop terrace with expansive views and a gorgeous lobby. Nestled conveniently between Bushwick and Bed-Stuy, 16 Melrose Street offers all the best that Brooklyn has to offer. Those with vehicles will be pleased to find several convenient parking options nearby In addition, a plethora of popular restaurants, trendy bars, charming cafes, and bespoke shops are just minutes away, as are the M/J/Z subway lines.
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Our Executive Mortgage Banker:
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$1,625,000
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 | $1,300,000 | $1,300,000 | $1,300,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.625% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.663% | 6.751% | 6.309% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,484 | $8,324 | $11,058 |
Total Monthly Payment | $7,609 | $8,449 | $11,183 |
* 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.