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534 4th Avenue, Brooklyn (Gowanus), NY, 11215 | $1,900,000
Fantastic Investment Opportunity in Prime Brooklyn Location Discover this meticulously maintained, legal 3-family brick home located at the border of Park Slope and Gowanus. Spanning 20 feet in width and 45 feet in depth, delivered vacant this property offers versatile living spaces with incredible potential. Property Features: - 1st Floor Unit: A spacious 1-bedroom apartment with an additional office that can be easily converted into a second bedroom. This level can also be duplexed with the fully finished basement for expanded living space. - 2nd & 3rd Floor Units: Each features a junior 2-bedroom layout, offering flexibility for conversion to create additional bedrooms or living areas. - Unfinished basement: Primed to duplex with 1st Floor Unit to create recreational area. - Outdoor Space: Enjoy a private courtyard accessible from the basement, perfect for outdoor relaxation or entertaining. With well-maintained roofing and mechanicals, this property is in "move-in ready or primed for a renovation to meet your needs. The building offers significant upside potential, with 3, 905 sq ft of unused FAR allowing for vertical expansion. Situated in a highly desirable area, this home is surrounded by new condo developments, adding value to the neighborhood. Enjoy convenient access to Manhattan and Downtown Brooklyn via the nearby R, F, and G subway lines, as well as multiple bus routes. Whether you're looking for a family home with rental income potential or an investment (condo conversion or rental) with room to grow, this property is an excellent choice.
Features
- Town: Brooklyn
- Amenities: Courtyard;
- Rooms: 8
- Laundry: InBasement,OnCommonFloor
- Year Built: 1901
- Cooling: Unknown Type
- Building Access : Walk-up
- Service Level: None
- Built Size: 20'x45'
- OLR#: PRCH35229564
- Days on Market: 43 days
- Website: https://www.raveis.com
/prop/PRCH35229564/5344thavenue_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 Sotheby's International Realty, Inc.
William Raveis Family of Services
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Customer Service
888.699.8876
Contact@raveis.com
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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
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
534 4th Avenue, Brooklyn (Gowanus), NY, 11215
$1,900,000
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
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,520,000 | $1,520,000 | $1,520,000 |
| 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 | $8,512 | $9,359 | $12,622 |
| Total Monthly Payment | $8,637 | $9,484 | $12,747 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535