This charming three-family investment property is a must-see for savvy investors or homeowners looking for extra income. Nestled in the heart of vibrant Bushwick, recently renovated this building features three well-appointed apartments that are perfect for rental or personal use.
Ground Floor: Step into a spacious two-bedroom unit that boasts an enormous finished basement, ideal for a rec space or home office. Enjoy your private backyard oasis, complete with a grill and a hot tubperfect for entertaining or relaxing after a long day.
Parlor Floor: This inviting two-bedroom apartment features cozy living spaces and a delightful outdoor area, providing the perfect retreat for enjoying your morning coffee or unwinding in the evenings.
Second Floor: A generously sized three-bedroom unit offers plenty of room for comfortable living. This versatile space is perfect for families or , ensuring a steady rental income.
Each apartment can command rents between $3, 500 and $4, 500, making this an excellent investment opportunity. Whether you choose to rent all three units or occupy one while generating income from the others, the potential is limitless.
With Bushwicks trendy vibe, art scene, and easy access to public transportation, this property is ideally situated for both tenants and owners alike. Dont miss out on this exceptional investmentschedule a showing today!
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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% | 6.250% | 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 | $8,960 | $9,851 | $13,287 |
Total Monthly Payment | $9,085 | $9,976 | $13,412 |
* 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.