955 Pacific Street, Brooklyn (Crown Heights), NY, 11238 | $3,200,000
OWNER OCCUPY LOWER DUPLEX AND HAVE TWO HIGH INCOME RENTALS TO OFFSET YOUR MORTGAGE! LOW TAXES ($4103/yr)! Completely Turnkey! Centrally Located Near Prospect Heights, Clinton Hill, Fort Greene, and Crown Heights! 955 Pacific Street is a three story brick townhouse with a unique rear studio workspace. Located at the nexus of four prime Brooklyn neighborhoods, nearby tons of transportation options, acclaimed restaurants/bars, Prospect Park, Grand Army Plaza, Barclay Center and more. Currently configured as a three family building with owner's duplex and two high-income generating rental units. Rent out all apartments for investment, or live in the lower two units as a duplex and rent the others to substantially offset or even cover your mortgage payments. Unit 3 has a 2 year lease, pays $5800. Unit 2 has a 1 year lease, pays $4500. Both units pay ALL of their own utilities. 1st Floor + Garden Floor duplex delivered VACANT. Unit 1 Duplex (Garden Floor + 1st Floor + Rear Art Studio): * 3 Bedrooms * 4 Bath * Private Rear Art Studio / Work Space * Newly renovated * Stainless Steel Appliances * Summer Kitchen in lower level * Recessed Lighting * Split Unit Central AC/Heating * Washer Dryer * Low maintenance deck and patio * Approx. 2000 SF interior * Approx. 900 SF backyard Unit 2: * Rent: $4500/mo * 2 Bedrooms + Bonus Office * 1 Bath * Newly renovated * Stainless Steel Appliances * Recessed Lighting * Washer Dryer * High Ceilings * Lots of light Unit 3: * Rent: $5800/mo * 3 Bedroom * 2 Bath * Newly renovated * Stainless Steel Appliances * Recessed Lighting * Washer Dryer * High Ceilings * 2 Skylights * Private access to walkup rooftop deck Additional Highlights: * Substantially lower taxes than most buildings in the neighborhood ($4103/Year) * Delivered with two high income rentals in place with vacant duplex for owner occupant. * ALL units have separate utility meters * ALL units have in unit washer dryer and split unit central ac/heat * Over 1000 SF per rental apartment, over 2000 SF for owner's duplex. * Separate entrance for owner's duplex. * Can be legally used as four separate rental units for a 6. 4% cap rate fully rented.
Features
- Town: Brooklyn
- Rooms: 14
- Bedrooms: 2
- Baths: 2 full
- Laundry: SeeRemarks
- Year Built: 1931
- Cooling: Central
- Washer / Dryer: Yes
- Terrace : Yes
- Patio: Yes
- Building Access : Walk-up
- Service Level: Voice Intercom
- Built Size: 20' wide
- OLR#: COMP1634230744206710
- Days on Market: 103 days
- Website: https://www.raveis.com
/prop/COMP1634230744206710/955pacificstreet_brooklyn_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.Listing courtesy of Compass
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Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 1880936
347.223.0992
Sarah.Alvarez@Raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
955 Pacific Street, Brooklyn (Crown Heights), NY, 11238
$3,200,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Sarah Alvarez
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 | $2,560,000 | $2,560,000 | $2,560,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.250% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.850% | 6.360% | 5.930% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $14,335 | $15,762 | $21,259 |
| Total Monthly Payment | $14,460 | $15,887 | $21,384 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535