115 Ralph Avenue is a remarkable 4-story mixed-use 3, 650 Square Foot , building nestled in the vibrant and highly sought-after Bedford-Stuyvesant neighborhood of Brooklyn. This property offers an impressive combination of commercial and residential spaces, making it a prime opportunity for both investors and residents.
Features and Layout:
First Floor: A storefront currently occupied by a charming bookstore, adding character and convenience to the community.
Second Floor: A full-floor, spacious 2-bedroom, 2-bathroom apartment with an open and flowing layout.
Third Floor: Two distinct apartments-a cozy one-bedroom unit and a functional studio.
Fourth Floor: A luxurious 2-bedroom, 2-bathroom unit with a penthouse ambiance, perfect for upscale living.
Additional Amenities:
A cellar provides ample storage space.
A backyard offers outdoor retreat opportunities.
A flat roof serves as an additional amenity, boasting breathtaking panoramic views of Brooklyn, Manhattan, and even New Jersey. This vantage point is ideal for fireworks displays on the 4th of July and New Year's Eve.
Total Specifications:
Bedrooms: 6
Bathrooms: 8
Living Rooms: 3
Location Benefits:
Proximity to public transportation (both buses and trains) ensures excellent connectivity. For drivers, alternate side street parking is available. The neighborhood is lively, offering an array of bars, restaurants, and eateries, as well as a nearby park and playground for recreation.
Architectural Appeal:
This tall and elegant building stands as a proud structure in the picturesque mosaic of Bedford-Stuyvesant. Its mix of modern amenities and historic charm makes it a true gem in the heart of Brooklyn. Offered to you for 2. 5 Million Dollars.
Trains: A, C, G, J, M, Z
Park/Playground: Herbert Von King Park
Culinary Creativity: Peaches, Saraghina, Emeline's, Bed-Vyne Brew
Current price per square foot in Bedford Stuyvesant 887 to 961 dollars.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,500,000
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 | $2,000,000 | $2,000,000 | $2,000,000 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $11,199 | $12,152 | $16,475 |
Total Monthly Payment | $11,324 | $12,277 | $16,600 |
* 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.