732 Prospect Place, Brooklyn (Crown Heights), NY, 11216 | $2,050,000
***Developers Dream*** Amazing Investment opportunity located in the Pro-Cro section of Brooklyn which borders Prospect Heights and Crown Heights! **Full Set up Available Upon Request**Fantastic opportunity to purchase a prime development site at 732 Prospect Place by removing the existing Frame property which will then allow you to construct an amazing 8, 049 SF 8-Unit Condo with spacious two-and-three bedroom layouts. Zoned R6A with a maximum height of 70 feet. The lot is 21 wide by 127. 75, a lot size of 2, 683 square feet with a max of 8, 049. 732 Prospect Place sits on a tree-lined Rapidly Expanding residential block Bustling with other sold out condominium projects. Close to exceptional dining and transportation. Prospective Square Footage: Cellar Floor: 937 Square Feet First Through Fourth Floor: 1, 741 Square Feet 2nd level of Penthouse: 506 Square Feet Total Square Footage: 8, 404Prospective Units: 1A - 700 square foot two bedroom 1B - 925 square foot three bedroom 2A - 700 square foot two bedroom2B - 925 square foot three bedroom3A - 700 square foot two bedroom 3B - 925 square foot three bedroom 4A - 700 square foot two bedroom 4B - 1, 400 square foot four bedroom penthouse Disclaimer: All images and Architectural Renderings are subject to copyright and may not be published or reproduced without permission. Architectural Renderings are representations of a proposed design and may not be current or could have changed.
Features
- Town: Brooklyn
- Zoning: R6A
- Laundry: SeeRemarks
- Building Access : Walk-up
- Service Level: Voice Intercom
- Built Size: 21'x45'
- OLR#: COMP1387740482972333
- Days on Market: 456 days
- Website: https://www.raveis.com
/prop/COMP1387740482972333/732prospectplace_brooklyn_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.Listing courtesy of Compass
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
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To learn more about our credentials, visit raveis.com today.
Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 1880936
347.223.0992
Sarah.Alvarez@Raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
732 Prospect Place, Brooklyn (Crown Heights), NY, 11216
$2,050,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Sarah Alvarez
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,640,000 | $1,640,000 | $1,640,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.769% | 6.270% | 5.864% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $9,184 | $9,965 | $13,509 |
| Total Monthly Payment | $9,309 | $10,090 | $13,634 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535