Welcome to 1767 Fulton Street, a 2-family property with additional commercial space that offers the perfect blend of two worlds. When fully leased, this property will prove to be a profitable investment opportunity with great monthly income potential.
There are 2 three-bedroom, one-bathroom residential units situated atop the ground floor and basement level office spaces. Each unit is equipped with its own instant heater for on-demand hot water at maximum efficiency. Both floor through layouts have bedrooms positioned at the front and rear of the unit for added privacy and optimal use of space. The open and airy kitchen / living room area is located at the center of the layout for easy access. The finishes include hardwood floors, solid wood kitchen cabinets, stainless steel appliances, beautiful two-tone fully tiled bathrooms, and much more.
The ground floor offices feature a fully paved rear yard. Inside, the layouts are open-concept and highlight charming details such as the exposed brick walls and functional glass enclosures for versatile use of the business space. On the lower level, you will find a kitchenette and a nicely finished bathroom with additional storage space.
Located on the ever-changing and business-oriented Fulton Street, this building is poised to grow in popularity. Close proximity to supermarkets, restaurants and the fact that it is seconds from the Utica Ave. Express A and Local C trains will always keep this building an easy choice for renters. Call or email me today and add this great investment to your portfolio now!
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Our Executive Mortgage Banker:
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$1,790,000
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 | $1,432,000 | $1,432,000 | $1,432,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.955% | 6.612% | 6.182% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,243 | $9,051 | $12,084 |
Total Monthly Payment | $8,368 | $9,176 | $12,209 |
* 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.