390 East 49th Street isn’t your average home. This gut-renovated, semi-detached 2-family townhouse is a perfect opportunity to live in a generously appointed 2, 900 sq ft townhouse and enjoy monthly rental income or add it to your investment rental property portfolio.
The owner’s duplex is a 3-bed, 2. 5-bath masterpiece, strategically designed so the owner retains exclusive access to the recreation room in the cellar and the backyard. Each bedroom is sized to perfection and features great closets and a washer/dryer combo. The kitchen is chef-worthy with premium appliances, which are beautifully designed and efficient, and paired with exquisite cabinetry and tile work. The Brazilian oak flooring guides you through the space with easily allocated living and dining.
The second-floor rental is a 3-bed, 1. 5-bath with a logical floor plan and equally exquisite finishes. Perfectly sized bedrooms are complemented by oversized windows, a skylight, sun-filled common spaces, and the overwhelming potential to be at peace. Each unit is being rented at 1st Fl- $3, 024(FEPS) and 2nd Fl -$2, 610. 00 (cash). The basement is currently vacant. Annual taxes are approximately $8, 442.
390 East 39th Street is centrally located in the rapidly emerging neighborhood of East Flatbush, just south of Crown Heights with easy access to reliable train lines, the 2, 3, 4, and 5, and plenty of buses, that will take you Downtown Brooklyn and into Manhattan in minutes. Chic shops, art galleries and notable restaurants and bars, are your neighbors—ensuring you don’t have to travel far for amazing entertainment and amenities. Prospect Park, Kings Theater, Kings Plaza Mall, and the Marine Park Yacht Club are also short rides away for your enjoyment. If you’ve been searching for the perfect home, search no more. Welcome Home.
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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 | $896,000 | $896,000 | $896,000 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,087 | $5,517 | $7,440 |
Total Monthly Payment | $5,212 | $5,642 | $7,565 |
* 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.