Centrally located in Bath Beach on Bay 28th and 86th St. This is a 2- Family that can be converted to 3 Family property. The property consists of 3 levels. 1st Floor and 2nd Floor are combined. Consisting of 4 Bedrooms and 2. 5 Bathrooms. The first level is a fully renovated living space consisting of a summer kitchen, living room, bedroom and full bath, with access to the backyard that is shared with the 2nd floor. There's also, your very own private parking space and garage, which the garage is currently being used as a laundry room and storage. The second level, is made up of a semi-modern kitchen, 1 and a half bathrooms, with 3 bedrooms (2 in the rear and 1 in the front), an open kitchen to dining and living space areas with a balcony in the front of the building accessed by a sliding door. In the primary bedroom, there is a half-bathroom along with enough space to fit a king sized bedroom set. The second bedroom located in the rear of the property has a backyard door that opens up to a cast iron bacony and stairway that decends down into the backyard. Above this, located on the third level, is literally an identical layout of the second level. However, this is the 2nd Apartment of the 2 Family property. It has it's own Gas and Electric meter and consists of 3 Bedrooms and 1. 5 Bathrooms. Including the half bath in the primary bedroom as well, just like the 2nd floor. This unit too, comes with its own front facing balcony off the living room and has a more open concept than the 2nd floor. The Kitchen is a bit more modern and what's more is the Stove has a vent that has exhaust access to the roof. This is great for cooking purposes. Location is key in Real Estate Investing, so investors shouldn't have an issue renting either of the 2 units since the location of the property is close to the D Train at 86th St. Just seconds away. Come make this home yours PLEASE NOTE THAT THIS IS A C4-2 ZONED BUILDING!
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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 | $1,480,000 | $1,480,000 | $1,480,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.875% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.820% | 6.597% | 6.158% |
Monthly Tax Payment | $966 | $966 | $966 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,755 | $9,355 | $12,489 |
Total Monthly Payment | $9,846 | $10,446 | $13,580 |
* 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.