563 20th Street, Brooklyn (Windsor Terrace), NY, 11218 | $2,495,000


Welcome to 563 20th Street - an exceptional 5 Unit Property featuring 11 bedrooms, 10. 5 bathrooms with 8-balconies, rooftop, 5 Parking Spaces and rear yard nestled in the highly sought-after Windsor Terrace neighborhood. This three-story rent-stabilized building, solidly constructed in 2002, spans an impressive 6, 080 sq. ft. on a 40' by 80' lot, offers tremendous upside and phenomenal layouts.

Property Highlights:
- Building Size: Approximately 6, 080 sq. ft. (40 ft. x 60 ft. )
- Lot Size: 40 ft. x 80 ft.
- Units: Five-unit building with 11 bedrooms and 10. 5 bathrooms
- Balconies: Eight balconies, plus a rooftop and rear yard
- Parking: Garage with up to 6 parking spaces
- Basement: Full basement with five locked storage units, a 3-set coin-operated machine laundry room, and a mechanical room with meters

Residential Details:
- First Floor Duplex: A sprawling 1, 627 sq. ft. , 3-bedroom, 2. 5-bathroom unit
- Upper Floors: Four sun-drenched, 2-bedroom, 2-bathroom apartments, each with two balconies
- Luxury Features: King-size primary ensuites with full baths, open-concept kitchens with eat-in islands, oak wood floors, French doors, and recessed lighting throughout
- Rooftop Potential: The rooftop offers an opportunity for furnishing and landscaping, with the potential to add value

Financials:
- Monthly Rent Roll: $12, 527
-Expenses:
-- Heat: $342/month
-- Electric (Common Areas): $114/month
-- Insurance: $272/month
-- DEP: $300/month
-- Real Estate Taxes: $117. 49/month
-- Partial tax abatement for 3 more years

This rent-stabilized building is delivered fully occupied with long-term, reliable tenants in good standing. With its prime location, strong rental income, and the potential for rooftop enhancement, 563 20th Street is an outstanding investment opportunity with upside.

Don't miss your chance to own this meticulously maintained property with tremendous upsides in one of Brooklyn's most desirable neighborhoods!

Features

  • Town: Brooklyn
  • Amenities: Garage; Laundry Room;
  • Rooms: 21
  • Laundry: Other
  • Year Built: 2002
  • Garage: Yes
  • Cooling: Unknown Type
  • Patio: Yes
  • Building Access : Walk-up
  • Service Level: None
  • Built Size: 40'x60'
  • OLR#: RPLU33423196567
  • Days on Market: 56 days
  • Website: https://www.raveis.com
    /prop/RPLU33423196567/56320thstreet_brooklyn_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
Listing courtesy of Corcoran Group

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Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.Alvarez@Raveis.com

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563 20th Street, Brooklyn (Windsor Terrace), NY, 11218

$2,495,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah Alvarez

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 $1,996,000 $1,996,000 $1,996,000
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 N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $11,177 $12,290 $16,575
Total Monthly Payment $11,302 $12,415 $16,700

* 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.