Incredible Double Lot + Legal 3 Unit Investment Opportunity in East New York (N. Conduit)
Investors and developers must see this oversized double lot plus multi-unit property in East New York at the border of City Line Park! Comprising a massive 4,356 square foot lot with an additional 2,280 sq ft two-story home built in 1920, this property offers outstanding potential. Currently configured as a 3-unit dwelling with 2,280 square feet of residential space, the additional structure provides holding income while you explore the endless development possibilities afforded by this exceptional R5B zoned double lot. 361 Chestnut Court is offered as an As-Is Sale of 2 parcels - building and lot will be delivered vacant.
Investor notes: Please review the images and floor plan but contact our team for questions.
Shown by appointment on Wed and Fri, call to schedule today!
Zoning R5B
Interior 2280
Exterior 4356
361 Chestnut Street, New York, (East New York), NY, 11208
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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