1022 Prospect Avenue, Bronx, NY, 10459 | $850,000

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!

Features

  • Bedrooms: 4
  • Baths: 3 full
  • Units: 2
  • Style: Colonial, Contemporary
  • Year Built: 1920
  • Garage: 1-car Attached
  • Heating: Electric, Natural Gas, Baseboard, ENERGY STAR Qualified Equipment, Hot Water
  • Cooling: Window Unit(s)
  • Basement: Unfinished
  • Approx Sq. Feet: 2,760
  • Est. Taxes: $3,567
  • Lot Desc: Near Public Transit
  • School District: New York
  • MLS#: H6298048
  • Days on Market: 238 days
  • Website: https://www.raveis.com
    /prop/H6298048/1022prospectavenue_bronx_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of Exp Realty   Phone: 888-276-0630

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:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
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  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

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

1022 Prospect Avenue, Bronx, NY, 10459

$850,000

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 $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.