124 Franklin Street, New York (Brooklyn), NY, 11222 | $3,800,000

**BRING YOUR BUYERS! ** **8 FAMILY AVAILABLE ON FRANKLIN STREET IN THE HISTORIC DISTRICT!** **EXCELLENT RENT ROLL $173, 230 GROSS ANNUAL!** Only a 5-Minute Walk to the water! Boasting a Spacious layout of 25ftx44ft and 8 One Bedroom Units, complete with a Full Basement! Situated within the Greenpoint Historical District, 124 Franklin Street sits at its heart. **4 Stories with 2 Apartments on Each Floor. ** Only a 5-Minute Walk to the Greenpoint Ave G-Line Subway, offering EASY Commutability. But it's not just about getting around-this neighborhood is surrounded by restaurants, bars, and any of life's essentials just around the corner. - This is an Excellent Rent Roll Opportunity to own a property with respectful renters that pay on time. -This is an 8 Unit Building -This is a Rent Stabilized Building - LOCATION, LOCATION, LOCATION! Other Important Details: *Built in 1930 *Landmarked *Building is R6-B Zoning *Building Size: 25X44 *Lot Size: 25X70 *Taxes: $14, 362. 97. Annually *8 Beds/ 8 Baths 1, 100 sqft per floor. *Total Building is about 5, 500 sqft (including basement)! **BRING YOUR BUYERS! ** Buyers must perform own due diligence. All info deemed accurate but not reliable.

Features

  • Town: New York
  • Bedrooms: 8
  • Baths: 8 full
  • Style: Victorian
  • Year Built: 1930
  • Heating: Natural Gas, Hot Water, Steam
  • Cooling: None, Wall/Window Unit(s)
  • Basement: Bilco Door(s), Full, Unfinished
  • Est. Taxes: $14,363
  • Lot Desc: Near Public Transit, Near School, Near Shops
  • Elem. School: Ps 297 Abraham Stockton
  • Middle School: Ms 582
  • School District: Community District 14
  • MLS#: 807609
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /eprop/807609/124franklinstreet_newyork_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of BLT Minimax Realty Inc   Phone: 718-609-0800

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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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

124 Franklin Street, New York (Brooklyn), NY, 11222

$3,800,000

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

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $3,040,000 $3,040,000 $3,040,000
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 $1,197 $1,197 $1,197
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $17,983 $19,465 $25,859
Total Monthly Payment $19,305 $20,787 $27,181

* 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.