Welcome to an extraordinary investment opportunity in The Bronx! This stunning brick 3-family house embodies the epitome of urban living, offering three distinct living units brimming with charm, comfort, and potential. With hardwood floors throughout and a versatile layout, this property promises an unparalleled investment opportunity for savvy investors or homeowners seeking rental income. Top Floor Duplex: Ascend to the top floor to discover a luxurious 3-bedroom duplex, boasting an expansive layout and contemporary design. With hardwood floors enhancing the aesthetic appeal, this duplex offers a serene retreat with abundant natural light and ample space for comfortable living. Second Floor Apartment: The second floor features a charming 3-bedroom apartment, exuding warmth and sophistication. From the inviting living spaces to the well-appointed bedrooms, every corner of this unit is thoughtfully designed to provide residents with a welcoming atmosphere and modern conveniences. First Floor Apartment: On the first floor awaits a cozy 2-bedroom apartment, perfect for small families or individuals seeking a tranquil haven in the heart of the city. Featuring hardwood floors and a functional layout, this unit offers a blend of comfort and convenience for its occupants. With three separate units and hardwood floors throughout, this property presents an exceptional opportunity for rental income or multigenerational living. Whether you choose to rent out all three units or occupy one while leasing the others, the potential for substantial returns is evident.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,050,000
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 | $840,000 | $840,000 | $840,000 |
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 | 6.902% | 6.486% | 6.056% |
Monthly Tax Payment | $517 | $517 | $517 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $4,769 | $5,241 | $7,032 |
Total Monthly Payment | $5,411 | $5,883 | $7,674 |
* 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.