Prime Mixed-Use Brick 4 Family + Store in Williamsburg! Discover an exceptional investment opportunity at 213 Johnson Ave, situated in the heart of Williamsburg, Brooklyn. This meticulously maintained mixed-use building combines residential and commercial spaces, offering versatility and solid infrastructure for long-term value. Building Features (3 Floors): - 4 Residential Units configured as 1BR/1BA each (Front & Rear Apts) - Potential to convert to 2-bedroom units, providing flexibility for increased rental income or diverse leasing options. - Hardwood floors throughout each unit. - First Floor Commercial Space is currently utilized as a counseling office w/ Reception Area, Main Front Office & 5 Additional Private Offices - Commercial unit has access to the backyard and additional 1, 000 SF of storage in basement - Lower Level is used for pantry food storage. This versatile space offers potential for expansion or conversion based on your needs. - 6 gas meters and 6 electric meters - Electrical and Plumbing: completely updated in 2002. - Heating: two gas heating boilers installed in 2002. - Water Heaters: two units-one serving the apartments (replaced this year) and one serving the commercial space (replaced 4 years ago). - Surveillance System: equipped with 24/7 surveillance for added security and peace of mind - Roof is 6 years old and resurfaced earlier this year - Brick building with vinyl siding installed to protect building - The L, J, M, and G subway lines are just steps away, ensuring easy transportation Williamsburg is known for its lively ambiance, with numerous retail stores, restaurants, bars, cafes, and artisan shops. 213 Johnson Ave represents a rare investment opportunity with solid mechanical systems, a versatile layout, and an unbeatable location. Lot Size: 23. 83 x 100 ft Bdg Size: 23. 83 x 60 ft Zoning: R6 FAR: 1. 89; Max FAR: 2. 43 *Disclaimer: All Information provided is deemed reliable but is not guaranteed and should be independently verified.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,999,000
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 | $2,399,200 | $2,399,200 | $2,399,200 |
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 | $3,052 | $3,052 | $3,052 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $13,622 | $14,968 | $20,084 |
Total Monthly Payment | $16,799 | $18,145 | $23,261 |
* 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.