1609 Park Place, #6, Brooklyn (Crown Heights), NY, 11233 | $1,181,456

This is The Investment opportunity that you have been waiting for. Whether you buy to build, buy to live, or you buy to invest and make more. . . This property is for you. This Low-rise Building has 7bedrooms and 4bathrooms along with 3 garages in the back plus front parking. You're not only buying a building but a piece of crown heights itself, a piece of the culture and a piece of the wealth. Bordered by the stunning Prospect Park to the West, Crown Heights is home to the internationally renowned Brooklyn Botanic Garden (Cherry Blossom Festival, anyone?) and the prestigious Brooklyn Museum. Transit options abound, with the A/C/2/3/4/5 trains all traversing this thriving neighborhood. Wander down Franklin Ave to experience the delectable wood-fired pizza at (?) or visit one of the many restaurants that add to the rich tapestry of Crown Heights. Welcome to Park Pl !!!

Features

  • Town: Brooklyn
  • Rooms: 19
  • Bedrooms: 7
  • Baths: 4 full
  • Units: 4
  • Style: Two Story
  • Year Built: 1910
  • Garage: 3-car Detached
  • Heating: Oil, Baseboard, Hot Water
  • Cooling: Window Unit(s)
  • Basement: See Remarks
  • Acreage: 0.07
  • Est. Taxes: $13,987
  • Lot Desc: Near Public Transit
  • Elem. School: Dr Jacqueline Peek-Davis School,Ms 394,Ps 191 Paul Robeson
  • Middle School: Ronald Edmonds Learning Ctr Ii
  • High School: Brownsville Academy High School
  • School District: Community District 17
  • MLS#: 3528247
  • Days on Market: 164 days
  • Website: https://www.raveis.com
    /prop/3528247/1609parkplace_brooklyn_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 NYONLINEREALTY.COM   Phone: 516-798-3000

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

1609 Park Place, #6, Brooklyn (Crown Heights), NY, 11233

$1,181,456

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 $945,165 $945,165 $945,165
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.250% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.821% 6.396% 5.990%
Monthly Tax Payment $1,166 $1,166 $1,166
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $5,367 $5,820 $7,849
Total Monthly Payment $6,658 $7,111 $9,140

* 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.