A Multi-Faceted Gem on E 42nd Street. ** It is configured as a two unit house, yet we are making no representation to the Certificate of Occupancy, as one is not on file, which is not uncommon to housing built in this period. It is being defined as a one because the owner occupies both units. ** Step into a beautifully maintained residence in the vibrant East Flatbush. This 3 bedroom, 2-bath home spans 2 levels and includes a driveway, that provides a blend of comfort and convenience. With over twenty years of meticulous care and numerous thoughtful upgrades, this property stands as a testament to both timeless charm and modern functionality, whether you are looking for your forever home or as a savvy investment so you have options with 486 East 42nd Street. The upper unit is a beacon of natural light with skylights illuminating the elegant walnut-inlaid hardwood floors that transition from a lively living area to an intimate dining space. The kitchen is a culinary delight, updated with granite countertops and a full suite of stainless steel appliances. The primary bedroom provides a serene escape and the 2nd bedroom features access to a deck that overlooks the tranquil backyard, providing a peaceful escape from the city hustle. The garden unit, refreshed within the last decade, offers a cozy and functional space with a separate dining area and galley kitchen. It includes a bedroom, full bath, and direct backyard access for your guests or if occupied as the second unit. This unit also boasts new hardwood floors and a separate laundry room, adding to its appeal as either part of a greater whole or as a separate living space. Situated between Clarendon and Avenue D, the location strikes a balance between urban and suburban living, with easy access to major transportation, great shopping at Kings Plaza and Triangle Mall, and cultural experiences at Brooklyn Colleges and within a stones throw of Paerdegat Park. This East Flatbush gem is where each space, inside and outside, is crafted to enrich your life and enhance your comfort. Find Your Sweet Spot.
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $580,000 | $580,000 | $580,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $434 | $434 | $434 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,859 | $3,855 | $4,973 |
Total Monthly Payment | $4,385 | $4,381 | $5,499 |
* 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.