Nestled in a prime location just 10 minutes from the heart of the Barclays Center, this charming 2family duplex, seamlessly blends historical allure with modern convenience thanks to thoughtful renovations completed as recently as 2023. The property now sports a brand-new roof and a freshly installed staircase, ensuring both safety and style. Each of the two units within this duplex boasts a spacious layout that includes two bedrooms, one bath, and a generous EIK, providing a perfect blend of comfort and functionality. The rooms are bathed in natural light, highlighting the unique character and details that only a home of this era can offer, all while featuring modern updates that cater to today's living standards. The basement is a highlight in itself, transformed into a versatile space with two nicely-sized bedrooms, a full summer kitchen, and a complete shower. It's an ideal area for guests, an in-law suite, or additional living space, enhanced by two separate means of egress through the front and back doors, adding both convenience and safety. Outdoor living has not been overlooked, with the property offering ample space for relaxation and entertainment. Its location is a significant advantage, situated within close proximity to the Atlantic Ocean, inviting endless opportunities for seaside adventures and leisure. This duplex home is more than just a place to live; it's a gateway to a lifestyle of comfort, convenience, and historical charm, all within reach of the vibrant life and amenities the area has to offer. Whether you're seeking a property with an additional income unit or an investment opportunity in a sought-after location, this property promises to meet your needs & exceed your expectations. House is being sold "AS IS. " Property has solar panels that provides a tax abatement incentive, transferable w/the sale of the property to qualified buyer. Home also qualifies for M&T Bank's Home Starter Mortgage program, requiring just 3% down payment, significantly reducing a buyer's out-of-pocket expenses. 1 year home warranty included that will be transferred to the buyer. Warranty covers major home appliances and systems, helping offset potential costs for repairs and replacements, providing peace of mind and financial security for the new homeowner.
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William Raveis Real Estate
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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 | $720,000 | $720,000 | $720,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.850% | 6.360% | 5.930% |
Monthly Tax Payment | $185 | $185 | $185 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,032 | $4,433 | $5,979 |
Total Monthly Payment | $4,309 | $4,710 | $6,256 |
* 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.