610 Marlborough Road, Brooklyn (Ditmas Park), NY, 11226 | $2,345,000

Here is an extraordinary opportunity to own a four-family, income-producing property with a freshly renovated, huge, 3 bed/ 2. 5 bath duplex apartment ready for you to move into. This is a Brooklyn real estate dream: Collect $8, 013/month of rent from the upper three apartments and live comfortably in the gorgeous, ground-floor duplex (all photographs are of this apartment). Over time, as rents increase, your monthly costs will get smaller and the return on your investment will grow larger. This building offers the savvy purchaser both a wonderful home to live in and a fantastic investment opportunity. The spacious owner’s duplex is approximately 2100 sq. ft. The main floor has three bedrooms and two baths, perfectly mixing old-world charm, like the coffered ceiling in the dining room, with modern amenities. The brand-new kitchen features a Samsung range and a built-in dishwasher. The bathrooms are beautiful and sophisticated, with Nero marble chevron floors and Grohe fixtures. One bath has a large, luxurious walk-in glass shower enclosure and the other has a bathtub and a window for natural light. The lower floor rec-room is huge and suffused with light from four windows, three of them full size. This is an excellent space for an office, family room, playroom, home gym, and so many other uses! Also on this floor are the washer/dryer and a half-bath. A brand-new heating and cooling system has been installed throughout the apartment. The owner’s unit has access to the sideyard (300 sf) and backyard (280 sf) but the best outdoor space is the roof (1000 sf), perched in the tree-tops with views of the city in the distance. The upper three apartments are approximately 1340 sq. ft. each. Apartments #2 and #3 are fully renovated to the same high standard as the ground floor duplex. Each of these two apartments has 4 bedrooms and 2 baths with large living and dining rooms. Apartment #4 has four bedrooms and one bath and is rent-controlled. All tenants pay for their own electricity and cooking gas. This building will also appeal to real estate investors looking for good returns and considerable upside. Email to request set up. The building is approximately 6580 sq. ft. (only $387/ft. !). The building is 1 minute away from the Newkirk Plaza Express B/Q subway station. Numerous restaurants, cafes, and coffee shops are nearby, including neighborhood favorites such as Milk and Honey, Coffee Mob, Westwood, Lo Duca Pizza, and Sunset Bagels. The well-known restaurants and shops on Cortelyou Road are close by. The Ditmas Park neighborhood is known for its leafy streets and laid-back atmosphere.

Features

  • Town: Brooklyn
  • Levels: 4
  • Cooling: Central
  • Amenities: Roof Deck;
  • Zoning: R64
  • Laundry: SeeRemarks
  • Year Built: 1935
  • Pet Policy: Case By Case
  • Building Access : Walk-up
  • Service Level: Voice Intercom
  • Built Size: 20'x84'
  • OLR#: COMP1547862308099459
  • Days on Market: 86 days
  • Website: https://www.raveis.com
    /prop/COMP1547862308099459/610marlboroughroad_brooklyn_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
Listing courtesy of Compass

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Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.Alvarez@Raveis.com

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610 Marlborough Road, Brooklyn (Ditmas Park), NY, 11226

$2,345,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah Alvarez

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.Alvarez@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 $1,876,000 $1,876,000 $1,876,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.750% 6.375% 6.125%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.282% 6.486% 6.307%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $10,948 $11,704 $15,958
Total Monthly Payment $11,073 $11,829 $16,083

* 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.