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382 E 52nd Street, New York (Brooklyn), NY, 11203 | $750,000
Builders, developers and investors, this is an incredible opportunity for development in the sought-after East Flatbush neighborhood. This 40x100 sq. ft. (0. 09 acre) R5 zoning buildable vacant land is for sale with its NYC DOB-APPROVED PLANS FOR A FOUR-FAMILY, WHEELCHAIR ACCESSIBLE BUILDING. Unlike most land sales, you won't be bogged down with messy permit delays and bureaucratic red tape with this new build, so you can get work started immediately with your contracting team! As a direct result, you'll be able to reap the benefits of a quicker ROI than the average lot purchase! The lot is leveled, deep and sits on a residential block. It also has an adjacent structure that previously served as a one-car garage, has sewage, plumbing, gas and electric lines. Since four family properties are a rare find in this neighborhood, the financial benefit to the new owner will be astronomical. The location is an equally attractive factor in the sale of this land for those purchasers looking to fix & flip or buy & hold; The lot is located between Church Ave. and Snyder Ave. , and a couple of minutes from Linden Blvd. , Kings Hwy. , Utica Ave. and Flatbush Ave. If you know anything about East Flatbush then you attest to the fact that each of these streets are the main veins of this very desirable, thriving neighborhood. The central location of this land to five main streets plus nearby B35 and B46 local buses and trains makes getting around town a cinch. Also look to any of those streets to find all amenities imaginable: big retail stores, including Target, Home Depot and Walgreens, to mention a few, boutique shops, popular and chain restaurants, health & holistic apothecaries, supermarkets, shopping centers, laundromats, gyms, schools, houses of worship and the list goes on. For outdoor entertainment, there's Wingate High School, home to summer concerts and events, parks, playgrounds and much, much more. Great lot: check! Prime location: check! Utilities: check! NYC DOB-approved plans: check!
Features
- Town: New York
- Lot Desc: Level, Cleared
- Elem. School: Ps 244 Richard R Green
- High School: It Takes A Village Academy
- School District: Community District 18
- MLS#: 3593484
- Days on Market: 12 days
- Website: https://www.raveis.com
/prop/3593484/382e52ndstreet_newyork_ny?source=qrflyer
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
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- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 1880936
347.223.0992
Sarah.DeFlorio@Raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
382 E 52nd Street, New York (Brooklyn), NY, 11203
$750,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Sarah DeFlorio
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $600,000 | $600,000 | $600,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.750% | 6.625% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.300% | 6.778% | 6.034% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,892 | $3,842 | $4,982 |
| Total Monthly Payment | $3,984 | $3,934 | $5,074 |
* 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