NYC Affordable Condo Living

Zinfandel Condominium, Brooklyn, New York
Artists Rendering

Studio and 1 Bedroom Condos    
Luxury Condominium floorplans, Brooklyn  

Zinfandel Luxury Condos, Brooklyn
Brooklyn, NY

Virtual Tour of 1 Bedroom Condo Rendering
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Luxurious Studios
$179,000

 

Luxurious 1 Bedrooms
$237,000

 

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Building Information
Spectacular 1 Bedroom and Studio Condo building on beautiful block in Crown Heights, Brooklyn. Each unit features Granite Countertops, Stainless Steel Appliances, Cherry Cabinets, Hardwood Floors, Recessed Lighting, Internet/Data/Phone Jacks pre-wired, Sprinklers Installed, Video Intercoms and more. Cheaper than renting!

Neighborhood Information
1/2 block from 77th Police Precinct. Next door to brand new laundromat with parking lot. 2 blocks from P.S. 335 Elementary School. 1.5 blocks from Middle School 394. 4 Blocks from Boys & Girls High School. 4.5 blocks from P.S. 191 Elementary School. 1 mile from Kings County Hospital Center.

Transit Information
15 minutes to Manhattan. 5 blocks from 3, 4, A & C Trains. BK 46 Bus stops on same block. 5 blocks from Eastern Parkway.

 
 
Zinfandel Condominium Offering
Unit # Sq Feet Type Price Maintenance Taxes Status
2A 410 Studio $179,000 $134 $66 Listed
2B 543 1 Bedroom $237,000 $178 $88 Listed
3A 410 Studio $179,000 $134 $66 Listed
3B 543 1 Bedroom $237,000 $178 $88 Listed
4A 410 Studio $179,000 $134 $66 Listed
4B 543 1 Bedroom $237,000 $178 $88 Listed
Comm 1663 Storefront & Cellar $365,000 $178 $88 Listed
 
 
Open House Schedule
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Rent vs. Own Comparison

1 Bedroom Rental vs. 1 Bedroom Condo

Rent

Own

$1200 -$1400 per month for 500 square foot apartment in Brooklyn w/ granite, hardwood, cherry cabinets + other cool features that Zinfandel Condominium offers (click to craigslist to see if you can find one).

Tax Deduction: $0
Appreciation: $0
Pride of Ownership: N/A
Mortgage Payment: $1293*
Common Charges: $178
Taxes: $88*

Monthly Out of Pocket: $1559

* Deductible

Federal Tax Bracket: 25%
State Tax Bracket: 6.85%
City Tax Bracket: 3.65%
Total Tax Bracket: 35.5%

Yearly Tax Savings: $5883
Monthly Tax Savings: $490

Monthly Cost of Renting: $1200 (at least) Net Monthly Cost of Ownership: $1060
Assumptions: First you will have to find an apartment. Zinfandel Condominium is not for rent. You will have to post 1 or 2 months security plus your first month's rent plus a broker's fee. Then you get to sit back while your greedy landlord gets all the benefit of tax deductions. The only thing that appreciates when you are a renter is your rent. In 2006 rent guidelines allowed increases between 2.25% and 5.5% of total rent per year. Assumptions: Purchase Price of $237,000 plus 6% sellers concession to help cover your closing costs. 5% Down Payment ($12,561). Mortgage amount of $238,659 @ 6.5% 30 year fixed, 10 year interest only period. 2007 Federal Tax Bracket of 25% includes single taxpayers earning between 31,850 and 77,100 and married taxpayers earning between 63,700 and 128,500.  Consult your tax advisor and mortgage professional to verify these assumptions.

MONTHLY SAVINGS BY OWNING A 1 BEDROOM CONDO AT ZINFANDEL CONDOMINIUM: $140

 

THE COMPLETE OFFERING TERMS ARE IN AN OFFERING PLAN AVAILABLE FROM SPONSOR. FILE NO. CD-07-0639. Project: Zinfandel Condominium, Brooklyn, New York. Sponsor: Uticarm, LLC, 3361C East Tremont Avenue, Bronx, New York 10461.
 

2011 NYCAffordableLiving.com | (888) ME-FIRST | | info@nycaffordableliving.com
Artists renderings are for illustration purposes only. Finished product may vary due to developer's discretion.
Equal Housing Opportunity.


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