This is a unique opportunity to create the townhouse of your dreams. This is a legal three-story corner building with an income-producing commercial space on the first floor. The upper floors feature a large studio on the second floor and a two-bedroom apartment on the third floor, and require some TLC. The layout is perfect for either a luxury duplex apartment or maintaining the current layout for additional rental income. This property is minutes from public transportation. It is in one of the trendiest areas in the Ditmas Park neighborhood, surrounded by boutiques, art galleries, health food stores, gyms, and high-end newly built condominiums. AS IS!
1202 Cortelyou Road, Brooklyn, (Kensington (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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