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IMPERATIVE: Appointment Required. This property requires face mask and shoe covers for entrance. Bring your Architect and Contractor!186 MacDougal Street is 25100 lot measuring approximately 2, 500 sqft with an additional 1, 260 sqft individual home. The property features , a 400 sqft rear detached garage, 25 ft deep backyard. The house features 2 bedrooms and 1. 5 bathrooms but the lot offers so much more. Bring your architect and your contractor to see this Bed-Stuy property primed for development. Whether you're an investor looking to capitalize on the demand for multi-unit properties or a homeowner eager to create an income-producing property - don't miss out on this property. Alternatively, a demolition of the existing property could potentially be done to develop a beautiful 8 unit boutique rental/condo project. Stories: 2Lot size: 25 ft x 100 ft / 2, 500 sqftBuilding size: 18 ft x 35 ftBuilding Sq Ft: 1, 260 with a 630 sqft basement below groundRoof height: 24'Garage Sq Ft: 400Zoning: R6Residential FAR: 2. 43Facility FAR: 4. 8FAR as built: 0. 50Maximum Usable floor Area: 6, 075Unused FAR: 4, 825Property Taxes: $2, 121. 60 / yearLocated on in Ocean Hill/Bed-Stuy filled with townhomes and brownstones, this property is close to supermarkets and public transportation; the J/Z on Chauncy, A/C Train on Rockaway, providing easy access to all that the city has to offer - JFK Airport is just a short 20-minute ride. Local restaurants and cafes like Healthy Friends Deli & Juice Bar, The Daily Press, September, and Bread & Butter are just moments away.
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William Raveis Real Estate
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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 | $1,512,000 | $1,512,000 | $1,512,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.875% | 6.500% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.335% | 6.612% | 6.433% |
Monthly Tax Payment | $177 | $177 | $177 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,944 | $9,557 | $12,964 |
Total Monthly Payment | $9,246 | $9,859 | $13,266 |
* 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.