661 Sheffield Avenue, New York (Brooklyn), NY, 11207 | $998,000

Welcome to 661 Sheffield Ave, a beautifully newly renovated two-family home located in the vibrant heart of Brooklyn, NY 11207. This versatile property boasts a generous 2, 042 square feet of living space and is currently configured as four separate units, making it an ideal investment opportunity or a perfect residence for multi-generational living. Property Features: Flexible Layout: Currently set up as two spacious 2-bedroom units and two cozy 1-bedroom units, this property offers the flexibility to accommodate various living arrangements. With minimal effort, it can be easily converted back to its original two-family configuration, providing endless possibilities for both homeowners and investors. Modern Renovations: Enjoy the benefits of modern living with recent renovations throughout the property. Each unit features contemporary finishes, abundant natural light, and a welcoming ambiance, ensuring comfort and style for residents. Spacious Living Areas: Each unit is designed with open living spaces that flow seamlessly, making it perfect for entertaining or relaxing with family. The kitchens are equipped with modern appliances and ample cabinetry, catering to all culinary needs. Prime Location: Situated in a thriving neighborhood, 661 Sheffield Ave provides easy access to local amenities, parks, and public transportation. Experience the best of Brooklyn living with a variety of dining, shopping, and entertainment options just moments away. Investment Potential: With the current setup, this property presents an excellent opportunity for rental income. Whether you choose to keep the existing configuration or convert it back to a two-family home, the potential for return on investment is significant.

Features

  • Town: New York
  • Bedrooms: 6
  • Baths: 4 full
  • Style: Duplex
  • Year Built: 1920
  • Heating: See Remarks
  • Cooling: Wall/Window Unit(s)
  • Basement: Finished
  • Acreage: 0.04
  • Est. Taxes: $3,000
  • MLS#: 811229
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/811229/661sheffieldavenue_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 5 Boro Realty Corp   Phone: 855-305-3325

William Raveis Family of Services

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Customer Service

888.699.8876

Contact@raveis.com

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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

661 Sheffield Avenue, New York (Brooklyn), NY, 11207

$998,000

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 $798,400 $798,400 $798,400
Term 360 months 360 months 180 months
Initial Interest Rate** 5.875% 6.500% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.820% 6.597% 6.158%
Monthly Tax Payment $250 $250 $250
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,723 $5,046 $6,737
Total Monthly Payment $5,065 $5,388 $7,079

* 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.