Welcome to 698 Macon Street, a historic bookend brownstone originally built in 1899. This three-family townhouse is meticulously renovated and features the latest technology including a built-in sound system, high-end appliances, W/D in each unit, and zoned air conditioning systems. It pays homage to its past adorned with original details such as fireplace mantels, brick wall accents, and newels. Unit 1, the largest of the three, is a spacious 2-bedroom (convertible 3-bed), 2-bathroom, 2 half-bathroom, and a finished cellar apartment. This unit has entrances on the garden and parlor levels. The parlor encompasses the main living room, open kitchen, and dining area. There are two fireplaces; in the front living area a woodburning fireplace warms the space and in the back, the decorative mantle presents a classic look to the modernized kitchen. The kitchen is finished with a full suite of high-end appliances including a six-burner Wolf range, an integrated Fisher Paykel french door fridge, an integrated dishwasher, a wine cooler, and a pot filler. Past the kitchen is a large floor-to-ceiling sliding glass window/door spanning 12ft width that lets the light permeate throughout the parlor level and leads to a sizable deck and the serene backyard. The two bedrooms, situated on the garden floor are at both ends of the floor for optimal privacy. The primary bedroom faces the backyard and includes an ensuite full bathroom with double vanity and standing shower. The finished cellar, with a half-bathroom, is perfect for a recreational space, home office, gym, or play area. Unit 2 is a 2-bedroom, 2-bathroom apartment. The living room with an open kitchen faces the tree-lined street and both bedrooms face the backyard. There is a primary bedroom that features an ensuite bathroom with a standing shower. Unit 3 is a 3-bedroom, 2-bathroom apartment that boasts another decorative fireplace and a sun-drenched skylight, creating a bright and inviting atmosphere. This beautifully reimagined townhouse is ideally located in the heart of Bedford-Stuyvesant, just moments away from popular dining spots such Chez Oskar, Trad Room, and Cuts & Slices. Residents will also appreciate the proximity to local parks, including Saratoga Park. With convenient access to public transportation, including the A/C and J/M trains, and a short 20-minute drive to JFK Airport, this property offers exceptional desirability. The property is newly renovated and will be delivered vacant. Based on projected rents the CAP rate is approximately 6%. Please reach out directly for full pro forma and rental comps.
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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 | $2,156,000 | $2,156,000 | $2,156,000 |
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 | $484 | $484 | $484 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $12,411 | $13,451 | $18,048 |
Total Monthly Payment | $13,020 | $14,060 | $18,657 |
* 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.