Welcome to a remarkable opportunity in the heart of Bedford-Stuyvesant, Brooklyn. This four-floor investment opportunity home is located on a tree-lined street with the serenity of the local ambiance filled with cultural diversity and beautiful history . With incredible potential awaiting, this property presents a unique chance to create the perfect living space. Built in 1931, this historic residence is ready for a transformation where you can live and create that potential income investment . Living the dream of owning one of the most sought out neighborhoods and brownstone architecture homes, you can now own a gem. Bedford-Stuyvesant or Bed-Stuy, is a historically rich neighborhood in Brooklyn, New York, known for its vibrant culture and distinctive architecture. The dynamic neighborhood which is rich in cultural traditions and stunning architecture coexist. Its legacy of resilience and creativity continues to shape its identity, making it a vital part of Brooklyn's heritage. Located on a quiet residential and tree-lined street, enjoy the convenience of everything Brooklyn has to offer! Situated only blocks away from multiple bus lines and major transportation, 25 Mins commute to NYC. The townhouse is centrally located near all services and amenities, restaurants, bars, shopping, grocery and specialty stores that make Brooklyn and Bedford-Stuyvesant so great! Minutes away from the best that Bed-Stuy has to offer like Peaches HotHouse, Samurai Papa, Shipwreck Seafood Boutique, Swell Dive, Macosa Trattoria, Bed-Vyne Brew, and so many more! Convenience is at your doorstep, with easy access to public transportation. Embrace the vibrant opportunities of the city while enjoying the comfort of a well-connected neighborhood. If you're ready to embark on the journey of transforming this fixer-upper into a remarkable home, don't miss this chance. Make your mark in one of Brooklyn's most coveted areas and create a space that reflects your unique style. Your dream home awaits! Imagine the possibilities for creating a backyard oasis or expanding the living area to suit your needs. Do not disturb occupants. Property being sold as-is w/ occupants. No interior showings. Will not be delivered vacant at closing.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,999,999
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 | $1,599,999 | $1,599,999 | $1,599,999 |
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 | $648 | $648 | $648 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,960 | $9,722 | $13,180 |
Total Monthly Payment | $9,733 | $10,495 | $13,953 |
* 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.