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96 North 1st Street
Brooklyn, NY 11249
Justin Rubinstein with Compass, original listing -
$4,325,000
Conventional
Property
Bedroom
3
Bathroom
Full: 2
Property Type
Conventional
Square ft
2540 Square Feet
Property Description
3 Bed 2.5 Bath Private Backyard Two Private Terraces Parking Space Available Radiant Heat Floors Throughout 2,540 Interior SF 833 Exterior SF Welcome to 96 North 1st Street, a new development in the heart of Williamsburg with five unique full floor units. Unit TH is a stunning two-floor duplex with its own private backyard patio and primary bedroom terrace. The living room features expansive ceilings, creating an incredibly spacious and airy atmosphere. All of the floors are heated with multi-zoned radiant heat, ensuring comfort in every season, and the recessed overhead lighting with living room dimmers enhances the sophisticated ambiance. The kitchen is a chef's dream, equipped with top-of-the-line appliances including a Bertazzoni 36 gas cooktop, double convection oven, and XO integrated hood. This kitchen features a 36 integrated Liebherr refrigerator, a Bosch dishwasher, a garbage disposal, and a Zephyr wine cooler that fits 52 bottles. The custom kitchen cabinets and the Quartz Calcatta Izaro countertops add a luxurious touch. This unit includes three bedrooms, providing ample room for both living and working. The primary bedroom comes with a large terrace overlooking the backyard and a connected spa level bathroom. Additional features include an LG washing machine and gas vented dryer, Double-pane aluminum windows and sliding doors, porcelain pavers on the deck and terraces, and three zone central AC. The frameless doors, hidden hinges, and magnetic locks by Insensation add to the modern and sleek design. This unit also boasts a private parking space for purchase and a convenient private exit into the lobby, enhancing ease of access and daily living. The unique outdoor amenities provide the perfect setting for relaxation, gatherings, or simply enjoying the views. Williamsburg offers a charming mix of amenities and attractions. Just a short distance away, you can watch a film at Nighthawk Cinema, relax at Domino Park, or dine at the acclaimed Le Crocodile restaurant. At Smorgasburg, you can sample diverse culinary vendors, or enjoy live music at the Williamsburg Music Hall. Discover the perfect blend of luxury and convenience at 96 North 1st Street. Contact us today to schedule a visit. Apartment Details: 3 Bedrooms? 2.5 Bathrooms Private Backyard Two Private Terraces Parking Space Available 2,540 Interior SF, 833 Exterior SF Bertazzoni 36 Gas Cooktop and Wall Oven XO Integrated Vented Hood Liebherr 36 Integrated Refrigerator Bosch 24 Integrated Dishwasher Zephyr 24 Wine Cooler Calcatta Izaro Quartz Countertop LG Gas vented Washing Machine and Dryer Frameless Doors, Hidden Hinges, Magnetic Lock by Insensation Aluprof Double Pane Windows and Sliding Doors?Multi-zoned Radiant Heat Throughout Entire Apartment The complete offering terms are in an offering plan available from the sponsor, file number CD23-0297.
Property Information
Lot Size
0 sqft square ft
Property Type
Residential-Condominium
Year Built
--
MLS Number
--
Location
Address
96 North 1st Street
City
Brooklyn
State
NY
Zip Code
11249
County
KINGS (SOUTHEAST)
Listing
Provider
Name
Phone
(646) 320-7745
Office Name
Office Phone
Agent Name
Justin Rubinstein
Agency Phone
(646) 586-8268

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.