Welcome to 887 Lincoln Place -- a gorgeous 1899 revival renaissance brownstone, nestled in the heart of Crown Heights, Brooklyn. Located on a picturesque, tree-lined block with a vibrant, diverse community, this historic gem of a home offers the perfect blend of timeless charm and modern living. 887 Lincoln Place is a legal three-family residence, configured as a 5-bedroom, 3-bathroom triplex plus cellar. Located on a stunning, tree-lined landmarked row, the facade of this brownstone is bright and south-facing. The home boasts expansive living areas with high ceilings, bathed with natural light, adorned with charming period details, including hardwood floors, original moldings, stained glass transoms and large bay windows in the front and the back. The spectacular garden level (ground floor) features a full bathroom and a very quiet private bedroom with direct garden access. The airy open space makes an incredible studio space, with wide plank hickory flooring, a stunning feature brick wall, and custom lighting controls. On the second level (parlor), visitors are welcomed into a well-preserved foyer featuring an original carved wood staircase and a beautiful, large pier mirror in the living room. Pocket doors open to reveal a spacious, modern kitchen with stainless steel appliances, stone countertops, a mantel mirror, a large kitchen island, and an additional quiet bedroom. The private backyard is accessible through a door off the kitchen, which also includes in-unit stackable laundry. The third floor offers a bright, airy and versatile layout, with three bedrooms, one bathroom, a study, and an accessory kitchen -- perfect for family living and guest accommodations. The full cellar is clean and prepared for whatever ideas a new owner may bring -- ready to be used as storage, workshop, game room, additional activity space. The structure of the cellar and ground floor are in new condition and the mechanicals of the home in excellent working order. Hydronic hot water radiators powered by gas fired boiler, hot water heater, updated electricals, new roof and skylights. This 20x52 brownstone sits on a 20x100 lot, offering a total interior space of 3, 418 sq. ft. and approximately 790 sq. ft. of private exterior space. The home is a short walk from Brower Park, Brooklyn Children's Museum, Brooklyn Museum and Botanical Gardens, Prospect Park and many good restaurants, bakeries, and coffee shops. Transportation is excellent, with a five-minute walk to the Nostrand Ave 3 train, 20 minutes to Wall Street.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,449,999
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 | $1,959,999 | $1,959,999 | $1,959,999 |
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 | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | $520 | $520 | $520 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $11,129 | $12,228 | $16,408 |
Total Monthly Payment | $11,774 | $12,873 | $17,053 |
* 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.