Discover the Apex of Opportunity at 556 Hart Street, Brooklyn, NY 11221 This dynamic 3-family brick townhouse, built in 2004, presents an unrivaled investment or owner-occupied opportunity in the heart of bustling Bushwick. Boasting 3, 279 square feet of existing living space with the potential to build an additional 1, 654 square feet (for a total of 4, 933 square feet), this R6-zoned property offers endless possibilities for customization and future growth. Set on a 2, 031-square-foot lot with dimensions of 20. 83' x 97. 5', this attached townhouse impresses with its substantial 20. 8' x 52' building dimensions spread across three floors, making it ideal for creating spacious living units or reimagining it into your dream residence. Parking in New York City is a luxury, and this property delivers with a private driveway accommodating two cars. Additionally, a high-ceilinged, unfinished basement offers immense potential—whether for storage, recreation, or conversion into a livable space. The unfinished backyard is a blank canvas, awaiting your vision to transform it into a serene urban oasis. While the property needs work, the potential here is nothing short of extraordinary. Whether you’re an investor seeking a high-yield asset or a homeowner with an eye for design, the FAR of 2. 43 allows room to expand and add value. Situated on a quiet, tree-lined street, this townhouse offers both privacy and accessibility, placing you just moments from trendy cafes, eclectic boutiques, and multiple transportation options. With its solid brick construction, spacious layout, and prime location, 556 Hart Street is more than just a property—it’s a gateway to dynamic living and lucrative potential. Don’t miss the chance to create something truly spectacular in one of Brooklyn’s most vibrant neighborhoods.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,700,000
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 | $1,360,000 | $1,360,000 | $1,360,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.550% | 6.220% | 5.781% |
Monthly Tax Payment | $947 | $947 | $947 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,616 | $8,264 | $11,203 |
Total Monthly Payment | $8,688 | $9,336 | $12,275 |
* 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.