Welcome to 303 Milford Street, a fantastic opportunity to own a charming 2-family home in the heart of Brooklyn! This property offers incredible versatility and space, perfect for both homeowners and investors. The home features two separate apartments, each boasting 2 bedrooms, providing ample space for comfortable living. Each unit is thoughtfully designed, with bright and airy rooms, creating a warm and inviting atmosphere. The layout allows for flexibility, whether you're looking to live in one unit and rent out the other or accommodate extended family. The finished basement adds even more value to this property. With its own extra bathroom, this space is ideal for additional living or recreation areas, providing flexibility and convenience. Added into the sale of this listing is the sale of the adjoining lot at 305 Milford Street, offering potential for expansion, gardening, or other creative uses. The extra lot adds a layer of opportunity that is rarely found in this area. Located in a vibrant neighborhood, close to schools, parks, shopping, and public transportation, making it a prime location for city living with a touch of suburban space. Don't miss out on this incredible property with endless potential!, Additional information: Separate Hotwater Heater: Yes
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
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 | $1,000,000 | $1,000,000 | $1,000,000 |
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 | 6.748% | 6.474% | 6.036% |
Monthly Tax Payment | $402 | $402 | $402 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,678 | $6,239 | $8,371 |
Total Monthly Payment | $6,205 | $6,766 | $8,898 |
* 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.