Presenting an exceptional investment opportunity in the heart of Kensington, Brooklyn. This mixed-use building boasts two commercial stores and three residential apartments. Each apartment offers three bedrooms and one bathroom. Convenience is paramount, as the property enjoys a prime location with easy access to a wealth of services and amenities. Residents will appreciate the proximity to a diverse array of restaurants, bars, shopping outlets, grocery stores, and specialty shops. Excellent transportation links further enhance accessibility to surrounding areas. Notably, this property offers a projected cap rate of 6.72%, highlighting its potential for attractive returns on investment. The presence of stable and reliable tenants in the residential apartments ensures immediate rental income, establishing a solid foundation for generating consistent cash flow. Explore this investment prospect further and discover the possibilities it holds. Don't miss your chance to capitalize on this exciting opportunity in Kensington, Brooklyn., Building Size:5000
307 Ditmas Avenue, New York, (Brooklyn), NY, 11218
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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