This distinctive property presents an exceptional investment opportunity in the vibrant Greenwood Heights neighborhood of Brooklyn, NY. Nestled within this dynamic locale, renowned for its recent development surge and proximity to attractions like Industry City, residents enjoy a thriving cultural scene and a myriad of recreational offerings.
Boasting a distinctive 50-foot layout, this mixed-use building comprises two residential and two commercial units, catering to a diverse range of buyers including investors, developers, and owner-occupiers.
Upon entry, the first floor reveals office space with external access, currently leased until May of next year, alongside a generously proportioned commercial area. Distinguished by soaring ceilings, a maisonette space, rooftop privileges, and an indoor garage-an uncommon feature in NYC-the commercial space currently functions as an artist loft, showcasing its adaptability.
Ascend to the second floor to discover expansive two and three-bedroom residential units, with existing leases extending through September and November of this year.
With its prime location within the burgeoning Greenwood Heights neighborhood and proximity to iconic destinations like Industry City, this property offers an enticing prospect for those seeking a live-work lifestyle, investment potential, or redevelopment possibilities.
Showing is by appointment only.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,195,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@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 | $1,756,000 | $1,756,000 | $1,756,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.795% | 6.472% | 5.966% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $10,109 | $10,955 | $14,700 |
Total Monthly Payment | $10,234 | $11,080 | $14,825 |
* 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.