Welcome to this 2-family home nestled on a quiet residential block in East New York. Featuring a 2-bedroom, 1-bath unit over another 2-bedroom, 1-bath unit, this property is perfect for investors or those seeking multi-generational living. Inside, youll find units in great condition with well-maintained interiors. The home boasts a giant open attic with high ceilings that stretch the entire length of the house, providing ample space for storage or future expansion. The large, semi-finished basement comes with separate side and back entrances, offering flexibility or room for a workshop, or rental potential through East New York new incentive policy to legalize basements into living space! (Check local laws). Located just minutes away from convenient transportation, with easy access to the B6, B20, and B15 buses, and close to the 3 and C train lines, this home offers excellent connectivity to the rest of Brooklyn and beyond. A fantastic opportunity for homeowners and investors alike in a thriving neighborhood. This property will be delivered fully vacant.
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Our Executive Mortgage Banker:
Our Insurance Division:
$799,999
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $639,999 | $639,999 | $639,999 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.352% | 7.042% | 6.160% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,204 | $4,204 | $5,358 |
Total Monthly Payment | $4,296 | $4,296 | $5,450 |
* 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.