Extra Large Mixed-Use Brick 6 Family + 2 Stores! Great Investment Opportunities! Spectacular Investment Opportunity on the Prime North Williamsburg right on Berry St. Only 1 block to Bedford Ave and 2 blocks to Kent Ave. Only 2 blocks to Bedford Ave L train Station. Surrounded by all the major retail stores such as Whole Foods, Apple, Nike, Trader Joe’s and much more. Only 4 short blocks to McCarren Park and 3 blocks to waterfront and East River Ferry. Great location, close to everything. This solid brick mixed-use property will be delivered with all 6 residential apartments vacant. The 2 stores are currently occupied by a Spa and Liquor/Wine Store. Each residential unit is a 2BR/1BATH railroad style apartment. The property also features a nice large backyard and a full basement that is well-maintained. Building: 27 x 50 ft Lot: 27 x 80 ft Zoning: R6B FAR: 2. 48; Max FAR: 2 Taxes: $13, 764/Yr Amazing Investment Opportunity! *Disclaimer: All Information provided is deemed reliable but is not guaranteed and should be independently verified.
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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 | $4,400,000 | $4,400,000 | $4,400,000 |
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 | $1,147 | $1,147 | $1,147 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $24,639 | $26,735 | $36,244 |
Total Monthly Payment | $25,911 | $28,007 | $37,516 |
* 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.