Rare 4360 SF townhouse (plus full basement) in prime Boerum Hill. This 22' wide brownstone is in wonderful condition and delivered vacant. Currently configured as a legal four-unit building that sits 22' wide x 46' deep on a 100' lot, the possibilities are endless. Without doing any major additions, this building can be renovated into a massive single family dream home. With over 1000 square feet existing per floor, the building could also be a high end condominium conversion or rental property.
Situated conveniently on perhaps the most desirable block between Smith and Hoyt Streets, you will be surrounded on all sides by award-winning restaurants, artisanal shops and grocers, multiple public schools, and public transportation. This is a handsome brick building with timeless curb appeal on one of Brooklyn's great tree lined blocks.
Currently configured with one apartment per floor, plus full cellar, the building underwent a major renovation in the 1990s which replaced many structural elements, beams, and stairs. The building has multiple working wood burning fireplaces which are grandfathered in. For an extra wide home, this building is unusual solid and level. Additionally, due to the fact that this building has a party wall on each side, there is almost 21' useable interior width, the equivalent of a 23' or 24' foot building. The yard is a truly massive and rare 1122 square feet with mature trees and wonderful light. A stair and bulkhead to the roof allow for an impressive roof deck with Brooklyn skyline views. Additional FAR could allow for a penthouse addition on the roof. Due to the fact that this building is not landmarked, and already built mostly full, a renovation would be unusually fast and easy.
Similarly large and wide single family homes in the immediate area have sold recently in the $9-$10 Mil range. Condominiums in similar buildings typically command $1800-$2000 per foot.
Delivered vacant.
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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 | $3,196,000 | $3,196,000 | $3,196,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.902% | 6.486% | 6.056% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $18,147 | $19,939 | $26,754 |
Total Monthly Payment | $18,272 | $20,064 | $26,879 |
* 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.