RARE and NEW to Market, 45 Martense Street #5L is a large, renovated, pin drop quiet one bedroom in the "Jewel of Brooklyn" 45 Martense Street, a prime Flatbush pre-war co-op near dining, excellent transportation and Prospect Park. There is no property at the size, price and location of 45 Martense Street #5L and with all of its pre-war Art Deco charm and amenities; with two exposures, 45 Martense Street #5L has the light, layout and space that are must-haves in the competitive Brooklyn market.
The recently renovated Art Deco lobby of 45 Martense Street welcomes you to the new elevator up to the fifth floor of the co-op where 45 Martense Street #5L unfolds in all its Art Deco splendor: a welcoming foyer outfitted with a huge coat/utility closet leads to an Art Deco arabesque arch opening onto the heart of the home, the wide living room with double windows allowing southeast light. The owners have outfitted this room with a clerestory windowed wall to create a second bedroom. Another arch creates a pass-through to the kitchen, designed for efficiency and entertaining. This windowed kitchen is outfitted with stainless steel full-size appliances (electric stove, fridge, dishwasher, microwave) porcelain tile floor and backsplash, generous countertops and cabinets. The hallway leads to the separate residential area: The spa-like windowed bathroom has authentic Art Deco finishes including a luxurious cast iron bathtub big enough for two, mirrored medicine cabinet and flattering lighting. The double-windowed bedroom fits a king-size bed, two side tables and sitting area and has two huge fully outfitted closets.
With all these features and more (the apartment is freshly painted and complimented by beautiful, original parquet floors dating to 1936), 45 Martense Street #5L is a move-in ready home that is virtually impossible to reproduce in Brooklyn. Enjoy low maintenance and the convenience of co-op living in prime Flatbush, a NY Times "2021 Next Hot Neighborhoods" pick. With the proximity to the B, Q, 2, 5 and S trains along with Brooklyn's pride and joy, Prospect Park, 45 Martense Street #5L must be seen and will not last. Please make an appointment with the exclusive broker today.
45 Martense Street is on a quiet, tree-lined one-way street four blocks to four major train lines and express buses. With a bustling dining scene including @Brooklynperkcoffee @Mangoseedandzurilee @Parksidelounge @risbobk, @Bonafinibk @Midwoodflats and a new Target and Starbucks, Flatbush is a destination for Brooklynites in the know. It's a short stroll to Prospect Park, the Brooklyn Botanic Garden, the Brooklyn Museum and Kings Theater making Flatbush a cultural and recreational destination as well. 45 Martense Street has a bike room and storage rooms ($5/$65 per month), central laundry, Verizon Fios, common lounge and a backyard garden with communal BBQs. Full-time live-in Super and financially secure co-op make for a great home, community and investment. Minimum 20% down. Ask about the generous pet and subletting polices. NO FLIP TAX.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $399,200 | $399,200 | $399,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.058% | 7.063% | 6.132% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,523 | $2,622 | $3,342 |
Total Monthly Payment | $2,598 | $2,697 | $3,417 |
* 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.