197 N 5th Street presents a rare opportunity to own a fully-detached townhouse with two parking spots, right in the heart of Williamsburg. Built in 1878 as the parsonage for the church next door, this 3-story, 4-bedroom, 3-bath home offers a wonderfully peaceful and private refuge from the bustle of Brooklyn. Coming home to 197 N 5th St you’ll drive through wide gates, stroll past a majestic tree in your front garden, and ascend a tall stoop with a deep portico. The intricately carved woodwork of the front door and surrounding entablature all intact. Inside you’ll find tall ceiling heights, hardwood floors, and two woodburning fireplaces which could be easily brought into working order. There are windows on three sides and the potential for windows on the west side too, with views over your neighbors’ gardens. There’s room to build about 1, 500 additional square feet here, for a potential building size of 3, 600 sf. This 18 ft wide property comes with an additional 3 ft wide access easement which runs the full 100 ft depth on the neighboring property at 199 N 5th St. The boutiques, restaurants, other amenities that have made Williamsburg famous are close by, as are McCarren Park, Williamsburg’s waterfront parks, Whole Foods, Apple, and Equinox. For a quick commute to Manhattan and the rest of the city, the Bedford L is less than two blocks away, and the Metropolitan Ave G is just three blocks away. Come see this rare Williamsburg townhouse, and make it the backdrop for your next chapter in Brooklyn.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,450,000
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 | $1,960,000 | $1,960,000 | $1,960,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.055% | 6.234% | 5.805% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $10,975 | $11,909 | $16,145 |
Total Monthly Payment | $11,100 | $12,034 | $16,270 |
* 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.