Welcome to 271 11th Street! This Classic Park Slope, Pre-War, Brick Townhouse, With An Incredible Backyard, Is Ready To Be Redefined. This legal 3 family home, with 2 kitchens, was utilized as a single-family home, and provides an excellent opportunity to create your own Park Slope dream home! Bring your contractor!
Architect designs available on request, including option of a garden rental, and upper owner's duplex. . . or triplex! With an additional 1, 400 sq. ft. of buildable FAR available, create your "jewel box" rooftop addition, with another 2 full bedrooms, bathroom and private roof terraces. (Consult with your architect to verify details. ) Add a deck to the 2nd floor, and provide the garden unit with its own outdoor space, to maximize rental value. Other options include renovating basement to create owner's triplex, with top floor rental, or keep the entire home for yourself!
On a 100-foot lot, this home is almost 17 ft. wide x 40 ft. long, and offers a serene, 40-foot backyard as a wonderful retreat. Brimming with sunlight from Southern exposures upfront, the home is currently configured with 5 bedrooms, and 2 bathrooms. Original details include marble fireplaces, pocket doors and Victorian Fretwork.
The Garden Level offers 8-foot ceilings with a living / dining area, a large eat-in kitchen, mud room with washer/dryer, and entrance to the backyard.
The Parlor Floor is grand, with over 10-foot ceilings, 3 large rooms, and an oversized, windowed bathroom.
The top floor has almost 9-foot ceilings, and is currently set up with a kitchen, and adjoining living/dining area, and 2 bedrooms.
11th Street is a warm and welcoming, tree-lined block, with terrific Park Slope history and charm. This location provides excellent access to transportation, Citi Bike stations, grocery shopping, restaurants, gyms, and of course Prospect Park! 1. 5 blocks to F/G/R trains, and 5 blocks to Prospect Park. Zoned for District 15 / P. S. 124.
Imagine your Park Slope possibilities!
Building details:
Approx. 2, 700 square feet, including basement
16. 67 ft. x 40 ft. on 100 ft. lot
40 ft. Backyard
20 ft. Front yard
Unused FAR: 1, 367
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,800,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 | $1,440,000 | $1,440,000 | $1,440,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.850% | 6.360% | 5.930% |
Monthly Tax Payment | $528 | $528 | $528 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,064 | $8,866 | $11,958 |
Total Monthly Payment | $8,717 | $9,519 | $12,611 |
* 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.