Contemporary Two-Family Townhouse Delivered Vacant Ideal for End-Users or Investors Offering 5. 7% Cap Rate
Welcome to this practical and updated two-family townhouse with handsome facade and picturesque backyard spanning 128 ft lot depth located just one block from St. John's Park offering unparalleled convenience for commuting to Downtown Manhattan.
Parlor Level - Renovated Three-Bedroom Duplex
The grand three-bedroom duplex on the parlor level is designed for luxurious living and effortless entertaining. The expansive living area boasts custom updated flooring, 9-foot ceilings, Frigidaire washer/dryer and bespoke overhead lighting. The modern open kitchen, with sleek finishes and breakfast bar, flows seamlessly to the rear deck, offering outdoor dining and lounging. Beyond the deck lies the lush garden oasis, offering endless possibilities for al fresco living and creative outdoor projects.
Third Level - Sunlit Three-Bedroom Haven
Ascend to the third floor, where soaring 11-foot ceilings and oversized windows create a light-filled oasis. The deluxe primary bedroom is a standout feature, basking in sunlight from three oversized windows. The luxurious en-suite bathroom, with dual access, serves both the primary suite and the spacious second and third bedrooms. A hallway skylight adds warmth and natural light to this already inviting space.
First Level - Optimal Two-Bedroom Rental
The first-floor unit is a charming and updated two-bedroom apartment conveniently outfitted with its own private entrance. The living room exudes character with exposed brick accents, while the separate kitchen offers stainless steel appliances, including a microwave and a plethora of storage. The completely remodeled bathroom features subway tiling, a rain showerhead, and contemporary fixtures. Both bedrooms are generously sized, accommodating king and queen size beds. A private front porch is the perfect spot to relax on summer evenings.
Basement
The finished basement presents opportunity for your versatile needs, including a media room, massive storage or more.
Prime Location
Don't miss this incredible opportunity to own a beautifully updated townhouse in one of Brooklyn's most vibrant neighborhoods. Close proximity to cultural highlights and conveniences, including St John's Park, Weeksville Heritage Center, Lincoln Terrace Park, Prospect Park, Brooklyn Botanical Garden, Brooklyn Museum, the Barclays Center and more. Convenient access to the A/C and 3/4 subway lines and bus routes B46, B8, and Q56. Whether you're looking for a true home with rental income or a sound investment property, this residence checks all the boxes.
Several photos have been virtually staged for illustrative purposes only where indicated therein. All measurements and square footages are approximate and all information should be confirmed by customer.
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Our Insurance Division:
$1,275,000
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 | $1,020,000 | $1,020,000 | $1,020,000 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,034 | $6,531 | $8,676 |
Total Monthly Payment | $6,159 | $6,656 | $8,801 |
* 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.