Calling All Investors, Developers & End-Users!!! 100% Occupied Free Market Apartment Building In Brooklyn For Sale!!! The Building Features Excellent Signage, Great Exposure, 6 Parking Spaces, High Ceilings, Strong R5 Zoning, (1) 1 Br. Apts. , (1) 2 Br. Apt. , (1) 3 Br. Apt. , Basement, LED Lighting, A/C, +++!!! The Property Is Located In The Heart Of Brooklyn 1 Block Off Linden Blvd. (Rt. 27)!!! Neighbors Include The Home Depot, Stop & Shop, ShopRite, CubeSmart Self Storage, L. A. Fitness, Sunoco, Dollar Tree, Wendy's, Subway, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! This Building Can Be Bought In Addition To 989 Hegeman Avenue For Only $2. 474m!!! Income: Unit 1 (3 Br. , 1 Bath): $39, 600 Ann. M-M. Unit 2R (1 Br. , 1 Bath): $18, 00 Ann. M-M. Unit 2F (1 Br. , 1 Bath): $18, 000 Ann. M-M. LL: $22, 000 Ann. (Available) Total Gross Rent: $87, 600 Ann. Expenses: Gas: $2, 580 Ann. (Heating Only) Electric: $720 Ann. (Hallway Only) Maintenance & Repairs: $250 Ann. Insurance: $2, 856 Ann. Water & Sewer: $863 Ann. Trash: $0 Ann. Taxes: $4, 919. 64 Ann. Total Expenses: $11, 688. 64 Ann. Gross Income: $87, 600 Ann. Pro Forma Net Operating Income (NOI): $75, 911. 36 Ann. (8. 68 Cap!!!) , or
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $700,000 | $700,000 | $700,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.955% | 6.612% | 6.182% |
Monthly Tax Payment | $410 | $410 | $410 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,030 | $4,424 | $5,907 |
Total Monthly Payment | $4,532 | $4,926 | $6,409 |
* 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.