Look no further, this is what you have been looking for! Welcome to 229 Nichols Avenue in the Cypress Hills neighborhood of Brooklyn. This multi-family (C0) townhouse is ready for you to customize to suit your needs. The property measures 20ft X 54ft on a 20ft X 125ft lot and set up as a Floor 3: Four-bedroom, one-bathroom over Floor 2: Three-bedroom, one-bathroom over a Floor 1: two-bedroom, one bathroom each with living room and kitchen. Major upgrades include a new boiler, updated roof, upgraded electrical and plumbing, and solar panels. The oversized backyard is excellent for gardening as there is deck off the kitchen on the middle floor. Whether you want to create your dream of lovely single-family house or multi-family investment the opportunity is here. Annual taxes approx. : $6, 687. 00. Transportation include the J, Z trains at 75th St -Eldert Lane, access to the Jackie Robinson Parkway, and multiple bus lines for access to Brooklyn/Queens.
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Our Executive Mortgage Banker:
Our Insurance Division:
$825,000
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 | $660,000 | $660,000 | $660,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.769% | 6.270% | 5.864% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,696 | $4,010 | $5,437 |
Total Monthly Payment | $3,788 | $4,102 | $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.