This exceptional mixed-use building seamlessly combines office and residential spaces, designed to meet the diverse needs of investors and homeowners alike. The property features a total square footage of 8, 376 square feet with 4, 574 square feet of usable interior square footage, situated on a generous 43 ft x 100. 33 ft-square-foot lot with a curb cut for parking. The first floor and basement are currently configured as a doctor’s office, offering approximately 2, 551 square feet of thoughtfully designed office space and exam rooms. The basement includes a large office, a half bath, and plenty of storage space. The first floor features a reception/waiting area, several exam rooms, a lab room, and two half baths. The second and third floors are configured as a 4 bedroom duplex spanning 2, 023 square feet. The kitchen and a full bath are on the second floor with an additional half bath on the third floor. The duplex offers two large living spaces, one on each floor. This corner property includes a private driveway with space for 8+ vehicles, complemented by a large fenced front yard. Classified under R5B zoning, 2704 Glenwood Road represents a versatile investment opportunity. The blend of commercial and residential spaces offers diverse income potential, while recent upgrades such as a new roof and boiler and updated electrical, ensure a modern and functional environment for all occupants. Nestled in the heart of Brooklyn, this property boasts close proximity to local amenities, public transportation, and major thoroughfares, making it highly appealing to both buyers and tenants. The inclusion of private parking adds an extra layer of convenience and value. Flawlessly blending office and residential spaces, its prime location makes it a standout choice for anyone seeking a dynamic and profitable investment. Please note this property will be shown exclusively by private appointment.
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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** | 5.625% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.648% | 6.597% | 6.158% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $11,513 | $12,641 | $16,877 |
Total Monthly Payment | $11,638 | $12,766 | $17,002 |
* 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.