Introducing a rare opportunity to own a distinguished three floor, two-family barrel front brownstone with a garden listed in the National Register of Historic Places on a coveted block in Bay Ridge. This stately home has an abundance of original details throughout. Each room is adorned with crown molding, meticulously hand-crafted wood framing, cabinetry and fireplaces along with inlaid original wooden flooring; rare details in modern developments. This home offers a unique blend of historic elegance and enduring craftsmanship.
The home is currently configured as a 2 bedroom + den, 1 bathroom top floor apartment over a 3 bedroom + Den, 2 bathroom duplex with an eat-in kitchen, pantry, laundry room, sun room, large garden and unfinished basement. The home easily converts to a single family or is perfect for those looking to collect rental income while living in the owner’s duplex. For those looking for an investment property, it offers an attractive CAP rate and is sure to increase in value nicely over time.
In addition to its historic appeal, the property is ideally located in a vibrant section of Bay Ridge, surrounded by an array of amenities, including public parks, scenic waterfront, cafes, restaurants, bars, and supermarkets. It also offers convenient access to multiple transportation options with the R a quick block away and N subway nearby along with the express bus to Manhattan and the water ferry.
Showings are by appointment only as the apartments are occupied.
Set-up available upon request. The home will be delivered vacant.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,750,000
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 | $1,400,000 | $1,400,000 | $1,400,000 |
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% | 5.966% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,059 | $8,734 | $11,720 |
Total Monthly Payment | $8,184 | $8,859 | $11,845 |
* 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.