Opportunity Knocks – Brooklyn Single-Family Home With Endless Potential This 3-Bedroom, 2-Bathroom Single-Family Home Offers A Unique Opportunity To Create The Living Space Of Your Dreams. Boasting High Ceilings And 1, 440 Sqft Of Interior Living Space On A 2, 000 Sq ft Lot, This Property Also Includes An Additional 1, 060 Sqft Of Unused FAR (Floor Area Ratio), Allowing For Potential Vertical Expansion To Maximize The Home’s Value And Usability. Nestled In A Prime Brooklyn Neighborhood, This Home Is Conveniently Located Near Shopping, Dining, And Public Transportation. Its Central Location Provides Easy Access To Everything Brooklyn Has To Offer, From Vibrant Nightlife To Local Parks And Amenities. With Endless Potential For Customization And Development, This Property Is The Perfect Canvas For Your Vision. Whether You’re Looking To Renovate, Expand, Or Redefine The Space, The Possibilities Are Limitless. Schedule A Viewing Today And Unlock The Potential Of This Brooklyn Gem!
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Our Executive Mortgage Banker:
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$450,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $360,000 | $360,000 | $360,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.339% | 7.017% | 6.120% |
Monthly Tax Payment | $116 | $116 | $116 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,365 | $2,365 | $3,014 |
Total Monthly Payment | $2,556 | $2,556 | $3,205 |
* 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.