Price adjustment for one of the most remarkable buildings in Brooklyn at 251 Montrose Avenue! This ~3, 300 SF corner property was built in 2008 and boasts a breathtaking 2, 100+ SF ground floor with 20' ceilings, and a massive ~1, 400 SF private roof deck with panoramic views. Current ownership purchased from the original developer in 2008 and spared no expense with their buildout, design, and fixtures. It features a chef's kitchen with a Gaggenau double oven and pizza stone/cast iron BBQ add-ons, split system AC/heat as well as a separate industrial grade gas-heating system, double and triple-paned windows for soundproofing, a curb cut and automatic garage door for private parking, a Bosch washer-dryer, and countless other quality additions that only a discerning purchaser would notice. With cross ventilation from the multiple entrances, windows, and massive indoor fan, monthly utilities are quite low and a new owner would benefit from the additional ~1, 000/month rent from outdoor signage. The building can be delivered partially furnished and would be perfect as a showroom, artist's loft, movie and/or sound studio, or as a beautiful restaurant with substantial outdoor seating. Owner Financing is possible here with the right terms, and feel free to reach out with any questions or to schedule a showing.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,495,000
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 | $1,996,000 | $1,996,000 | $1,996,000 |
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 | $297 | $297 | $297 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $11,177 | $12,128 | $16,442 |
Total Monthly Payment | $11,599 | $12,550 | $16,864 |
* 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.