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Brooklyn (Bushwick), NY, 11221 | $1,499,000
Are you an end user of developer looking for an investment opportunity in Bushwick? If so, welcome to 1091 Hancock Street which is situated in the heart of the bustling Bushwick neighborhood! This impressive townhouse boasts over 2500 total square feet of living space, offering ample room for those who crave space and flexibility. Featuring a total of 10 rooms, which include 7 comfortable bedrooms and 3 bathrooms, this property is perfect for an end user looking to live and collect rent to subsidize the mortgage. Starting from the bottom up, the basement consists of a 2 bedroom, 1 bathroom apartment which is currently occupied. The first floor consists of another 2 bedroom, 1 bathroom apartment which is also occupied . The top floor consists of a 3 bedroom 1. 5 bathroom apartment that is vacant and recently updated. The property's private outdoor space is plentiful and stretches from the front all the way around back were you'll find a huge backyard.
This property is also a great play for a developer as the subject is located within the R6 zoning district. This district currently holds a 2. 43 as-of-right FAR; allowing for a total buildable square footage of approximately 6, 000 SF. Therefore, a developer could build a new 8-unit rental or condominium building in the heart of Bushwick; making this an outstanding investment opportunity.
Bushwick is renowned for its vibrant arts scene and eclectic mix of local flavors. From captivating street art to chic dining spots, the neighborhood buzzes with energy and creativity. You're just a short stroll from an array of coffee shops, bakeries, and unique boutiques, ensuring you'll never run out of exciting adventures close to home. One of the standout features of this property is its excellent connectivity. With convenient access to nearby subway lines, commuting to Manhattan or exploring the broader Brooklyn area is a breeze. The L and J trains make your experience of the city seamless and enjoyable. Don't miss the opportunity to own or develop this prime Bushwick property.
Features
- Town: Brooklyn
- Rooms: 10
- Bedrooms: 7
- Baths: 3 full / 2 half
- Units: -1
- Lot Size: 100.00x24.50
- Laundry: In Unit
- Year Built: 1997
- Garage: 2-car Assigned,Garage
- Cooling: Wall Unit(s)
- Basement: Other
- Approx Sq. Feet: 1,960
- Lot Size: 100.00x24.50
- Est. Taxes: $5,988
- View: Other
- Pet Policy: Building Yes,No
- MLS#: RPLU-1635523256499
- Days on Market: 1 day
- Website: https://www.raveis.com
/prop/RPLU-1635523256499/1091hancockstreet_brooklyn_ny?source=qrflyer
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 Revived Residential Phone: (929) 469-5800
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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
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
Brooklyn (Bushwick), NY, 11221
$1,499,000
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
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,199,200 | $1,199,200 | $1,199,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.250% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.821% | 6.396% | 5.990% |
| Monthly Tax Payment | $499 | $499 | $499 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $6,809 | $7,384 | $9,958 |
| Total Monthly Payment | $7,433 | $8,008 | $10,582 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535