Brooklyn (Bedford-Stuyvesant), NY, 11205 | $825,000

Showings by appointment only and bring your contractor! This home is not ready to be lived-in as-is, but it IS a super unique opportunity to purchase a raw 1200 SF authentic loft space with a private balcony and 13' ceilings for a great price, and then renovate it to your own individual needs! This rare corner unit has been stripped down to just the studs, concrete floor and exposed concrete columns after a fire a few years ago, and now awaits an enterprising buyer to purchase it as-is and make it the home of their dreams!

The Chocolate Factory is a 1947 former factory converted to condos in 2003 and includes an elevator. Situated where Clinton Hill, Bed-Stuy and Williamsburg meet, the neighborhood bustles with creative energy. Known for its artistic residents and an awe-inspiring rooftop outdoor space (with a rooftop gym surrounded by glass; panoramic views of Brooklyn, Manhattan, and Queens; and a lush succulent garden), this is a space both tranquil and dramatic where you will find yourself right at home.

Situated on a high floor with incredible light, every dollar you put into this home you will get back, plus even more! Due to the corner orientation that includes massive casement windows on two sides, you can very easily renovate it into a spacious two-bedroom apartment. With its 13' soaring ceilings, there is even space to build out an additional loft area, plus 2 full bathrooms, and still enjoy a very capacious living room and kitchen with an easy flow to the private balcony area. It is very rare to find a true industrial loft space that also offers private outdoor space, so you don't want to miss this one!
Enjoy an elevator to whisk you up to the 4th floor, plus professional management. And if the space and light and opportunity to custom build are not enough enticement, come and visit for the location. Clinton Hill has become one of Brooklyn's most dynamic neighborhoods, chock full of fine dining, Pratt Institute, and fantastic amenities in every direction. Easy access to Fort Greene Park, the Navy Yard and the many amenities of Bed-Stuy and Williamsburg within walking distance. Do NOT forget to bring your contractor when you come for your visit to this amazing space!

Features

  • Town: Brooklyn
  • Levels: 5
  • Rooms: 4
  • Bedrooms: 2
  • Baths: 2 full
  • Laundry: Building None
  • Year Built: 1947
  • Common Charge: $1,007 Monthly
  • Approx Sq. Feet: 1,182
  • View: City
  • Pet Policy: Building Yes,Yes
  • MLS#: RPLU-33423218150
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/RPLU-33423218150/689myrtleavenue_brooklyn_ny?source=qrflyer
Copyright © 2024  The Real Estate Board of New York, Inc., All rights reserved
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 Corcoran Group   Phone: (212) 355-3550

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

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

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

Brooklyn (Bedford-Stuyvesant), NY, 11205

$825,000

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

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $660,000 $660,000 $660,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.250% 6.000% 5.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.797% 6.108% 5.805%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,645 $3,957 $5,437
Total Monthly Payment $3,737 $4,049 $5,529

* 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.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.