Discover the epitome of spacious living in the heart of the vibrant South Bronx at 1022 Prospect Ave. This massive two-family home offers a rare opportunity for developers, investors, or those seeking a spacious and versatile living space. This impressive property features a massive 3-bedroom, 2-bathroom duplex with separate entrances, providing privacy and flexibility for residents. With spacious rooms and thoughtful design, this duplex offers an ideal layout for comfortable living. Second Unit: In addition to the duplex, there's a 1-bedroom, 1-bathroom unit, and Unfinished Basement: Need storage space? Look no further. The unfinished basement offers ample room for storing belongings, equipment, or materials, with the potential for further customization or development. Situated in the heart of the South Bronx, this property enjoys proximity to a plethora of amenities, including shops, restaurants, parks, and public transportation, ensuring convenience and accessibility for residents. Developers Dream: With its sizeable layout and strategic location R7 , this property presents an excellent opportunity for developers to capitalize on the potential for expansion or renovation. Investment Potential: For investors seeking rental income, this property offers the perfect setup with two distinct units and the potential for lucrative returns. Spacious Living: Whether you're looking for a spacious home to call your own or considering options for multi-generational living, this property provides the space and versatility you desire. This remarkable two-family home in the South Bronx won't last long. Whether you're a developer, investor, or homebuyer, seize this opportunity to own a piece of prime real estate in one of New York City's most dynamic neighborhoods. Schedule your viewing today before it's gone!
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Our Executive Mortgage Banker:
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 | $680,000 | $680,000 | $680,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | $297 | $297 | $297 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,861 | $4,242 | $5,692 |
Total Monthly Payment | $4,250 | $4,631 | $6,081 |
* 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.