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1380 Sterling Place, New York (Brooklyn), NY, 11213 | $1,640,000
Welcome to 1380 Sterling Place, an original brownstone that's been newly renovated as of 2022. This fully occupied building currently brings in $7, 215 monthly. Each unit has their own washer & dryer, dual zone central air HVAC system and two separate meters for gas & electric. The first floor duplex is a 900 sq ft 2 bed 2 bath with private access to the backyard and an office room. The spacious backyard has a garden & a brand new fence that creates privacy needed from the city. The lower level of the first floor has ample storage space and its own full bath with a separate entrance/exit to the front (Please refer to floorplan in images) Second floor is a 875 sq ft 2 bed 2 bath unit with two skylights that brings in a ton of natural lighting. The second floor also features an office. Both primary bedrooms in each unit have full bathrooms and walk in closets. Smart lock door systems provide access to the units and building itself. All tenants pay for their own utilities, landlord covers water only. First floor pays $4, 000 monthly, lease ending 3/31/25. Second floor pays $3, 215 monthly, lease ending 8/31/25. Both tenants pay on time and have never missed a payment. This is the perfect investment for a passive income property or simply move into one unit while the other unit pays majority of your mortgage. , Additional information: Green Features: Insulated Doors, Interior Features: Guest Quarters, Lr/Dr
Features
- Town: New York
- Amenities: Park
- Rooms: 9
- Style: Duplex
- Year Built: 1899
- Heating: Natural Gas, ENERGY STAR Qualified Equipment, Radiant
- Cooling: Central Air
- Basement: Walk-Out Access, Finished, Full
- Est. Taxes: $5,500
- Lot Desc: Near Public Transit, Near School, Near Shops
- Elem. School: Brooklyn Arts And Science Elementary
- Middle School: Acad For College Prep And Career Exp
- High School: Brooklyn Academy Of Sci & Environ
- School District: Community District 17
- MLS#: 3581972
- Days on Market: 96 days
- Website: https://www.raveis.com
/eprop/3581972/1380sterlingplace_newyork_ny?source=qrflyer
William Raveis Family of Services
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.
Customer Service
888.699.8876
Contact@raveis.com
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To learn more about our credentials, visit raveis.com today.
Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 1880936
347.223.0992
Sarah.DeFlorio@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
1380 Sterling Place, New York (Brooklyn), NY, 11213
$1,640,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Sarah DeFlorio
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@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 | $1,312,000 | $1,312,000 | $1,312,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.625% | 6.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.820% | 6.723% | 6.284% |
| Monthly Tax Payment | $458 | $458 | $458 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $7,761 | $8,401 | $11,160 |
| Total Monthly Payment | $8,344 | $8,984 | $11,743 |
* 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