Welcome to 574 Gates Avenue, a beautifully gut-renovated two-family townhouse boasting 2, 400 square feet of modern living space in the vibrant Bedford-Stuyvesant neighborhood. This home offers an exceptional opportunity for both end users and investors, featuring two spacious 2-bedroom apartments and a fully finished basement, providing flexibility and comfort. Both apartments are designed with modern living in mind, offering open-concept layouts that maximize space and natural light. Each unit features a stylish, fully equipped kitchen with stainless steel appliances, custom cabinetry, and sleek quartz countertops, perfect for culinary enthusiasts. The updated bathrooms are fitted with high-end fixtures and contemporary finishes, adding a touch of luxury to everyday living. The fully finished basement provides an additional versatile space, ideal for use as a recreation room, home office, or gym, and is complete with a laundry area and ample storage. Outside, the private backyard offers a serene escape, perfect for outdoor gatherings, gardening, or quiet relaxation. Every inch of this home has been thoughtfully renovated, with beautiful hardwood floors, recessed lighting, and efficient heating and cooling systems throughout. Location Highlights: Nestled in the heart of Bed-Stuy, you’re steps away from local hotspots like Saraghina, Peaches, and Bed-Vyne Brew. Enjoy easy access to parks, schools, and public transportation, with the A/C trains just a short walk away, offering seamless connectivity to Manhattan and other Brooklyn neighborhoods. This stunning townhouse is perfect for those seeking a move-in ready home with strong income potential in one of Brooklyn’s most sought-after communities.
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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** | 5.875% | 6.625% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.820% | 6.723% | 6.284% |
Monthly Tax Payment | $387 | $387 | $387 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,625 | $7,171 | $9,527 |
Total Monthly Payment | $7,137 | $7,683 | $10,039 |
* 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.