Introducing 183 S 2nd Street, a fantastic vacant multi-family property situated in one of Brooklyn's most vibrant and sought-after neighborhoods, Williamsburg. This promising gem offers an incredible canvas for investors, homeowners, or developers looking to capitalize on the area's thriving rental market. Nestled in an ideal location, this property features a classic brick facade that exudes charm and character. With multiple units, it presents a unique opportunity for rental income or the creation of your dream home through renovation. While it currently needs minor TLC, this space is brimming with potential just waiting to be unlocked. As you step inside, you'll discover a layout that offers versatility and ample natural light. The generous floor plan can easily be transformed to suit modern living standards, with opportunities to upgrade or reconfigure the layout as desired. Situated within walking distance of trendy boutiques, gourmet restaurants, and vibrant nightlife, 183 S 2nd Street embodies the best of Williamsburg living. Enjoy proximity to parks, public transportation, and a lively community atmosphere, making it an ideal location for tenants or your new residence. With a little creativity and vision, 183 S 2nd Street can be transformed into a stunning multi-family residence that reflects the vibrant spirit of the neighborhood.
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Our Executive Mortgage Banker:
Our Insurance Division:
$3,300,000
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 | $2,640,000 | $2,640,000 | $2,640,000 |
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 | $948 | $948 | $948 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $14,783 | $16,255 | $21,923 |
Total Monthly Payment | $15,856 | $17,328 | $22,996 |
* 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.