Welcome to 271 Jerome St, a semi-attached 3-family home in the Cypress Hills neighborhood of Brooklyn that presents an outstanding investment opportunity. This 2, 703 Sqft. versatile residence comprises three units, each offering 3 comfortable Bedrooms, Living & Dining spaces and a full finished basement with separate entrances from front and back and high ceilings adds significant value. The property is in good condition and features a private driveway accommodating 3-4 cars, The first-floor unit offers 3 bedrooms and 1 bathroom, while the second and third-floor units each boast 3 bedrooms and 2 full bathrooms. Transportation options are conveniently available, with Van Siclen Ave subway station nearby, providing easy access to the rest of the city. The building is occupied by reliable and responsible tenants who consistently pay on time and maintain the property well, contributing to the very low maintenance costs. This well-maintained property generates strong rental income, making it a lucrative investment. The Basement is currently vacant.
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Our Executive Mortgage Banker:
Our Insurance Division:
$989,900
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@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 | $791,920 | $791,920 | $791,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.795% | 6.472% | 6.032% |
Monthly Tax Payment | $729 | $729 | $729 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,559 | $4,941 | $6,629 |
Total Monthly Payment | $5,380 | $5,762 | $7,450 |
* 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.