PACKAGE DEAL WITH 42 St Nicholas Avenue
Two Six Family Buildings in Excellent Condition
Both are Rent Stabilized
Excellent location just two blocks from the Jefferson St L Train Station
Same ownership for 45 years has done an excellent job maintaining the property. Buildings Priced at an 8 Cap.
42 St Nicholas Avenue
Six two bedroom apartments:
Annual Rent Roll = $116,120 + $4,200 for two parking spaces
Expenses (including taxes) = $51,602.
44 St Nicholas Ave:
6 Family brick building Three one bedroom apartments and three two bedroom apartments. Building will come with one vacant unit that has been owner occupied since 2013. Building has full height basement that is not yet utilized.
Rent Roll = $119,588.
Expenses (including taxes) = $40,658
44 Saint Nicholas Avenue, Brooklyn, (Bushwick), NY, 11237
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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