This is a call to Investors, Developers & End-Users to own a slice of the vibrant Prospect Lefferts Gardens (PLG). This 5 family townhouse boasts 3 stories and 6, 000 sq. ft. of residential, in the vibrant & historic PLG. Each of the 5 units are spacious and offers the residents comfort and large bedrooms. The ground unit is 2, 000 sq. ft. and sits opposite a robust backyard. The other units are four spacious one-bedroom apartments.
PLG has added many diverse and robust goods and services to strengthen its appeal. Prospect Park has everything for someone with its lake, ice skating, running loop, and abundance of nature providing an extraordinary appeal for all residents. Whether you're an experienced investor or a first-time buyer, this property offers excellent income potential in a highly desirable rental market.
This is an irresistible opportunity to own a solid investment vehicle or for an investor; or end-user to occupy while enjoying rental income. Potential annual rental income with a NOI of $83, 000+. The basement offers storage or the opportunity to have it finished.
Convenient location for the Q, B, 2 & 5 subway. I invite you to view it 'Today
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,400,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@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 | $1,120,000 | $1,120,000 | $1,120,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.795% | 6.472% | 5.966% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,447 | $6,987 | $9,376 |
Total Monthly Payment | $6,572 | $7,112 | $9,501 |
* 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.