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.
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Our Executive Mortgage Banker:
Our Insurance Division:
$998,000
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 | $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.