This three-family brick property in East New York, Brooklyn, offers a unique opportunity for homeowners and investors. The layout includes a top-floor unit with three bedrooms and two bathrooms, a second-floor unit with two bedrooms and one bathroom, and a ground-floor unit featuring one and a half bedrooms and one bathroom. The property sits on a 40x100 lot with a garage for two cars and additional driveway parking for up to six more vehicles. Conveniently located two blocks from the New Lots Avenue 3 train station, it offers easy access to JFK Airport, the Belt Parkway, and Linden Boulevard. Nearby amenities include the Lindenwood Diner, Gateway Mall, and recreational spaces such as Shirley Chisholm Park and Seaview Park, perfect for outdoor activities like hiking, biking, and birdwatching. While the property could benefit from minor updates, it presents a fantastic opportunity to live in one unit while renting out the others, potentially covering your mortgage and generating extra income.
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$1,150,000
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 | $920,000 | $920,000 | $920,000 |
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 | $533 | $533 | $533 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,442 | $5,891 | $7,826 |
Total Monthly Payment | $6,100 | $6,549 | $8,484 |
* 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.