A Rare find located on a gorgeous tree lined street with fantastic curb appeal. This attached three-family building is an ideal opportunity to acquire a beautifully renovated property in the heart of ultra-desirable Park Slope. This handsome brick building is the perfect investment opportunity or 1031 Exchange with great rental income. Tall ceilings, northern and southern exposures create a bright and airy ambiance in each floor-through the home. Enjoy updated kitchens and bathrooms with stainless steel appliances and granite counter-tops throughout. The parlor level unit boasts plenty of sun light, and is currently configured as a very large one bedroom. Enjoy cooking in an open chef’s style kitchen equipped with stainless steel appliances. Right across the kitchen conveniently lies a spacious dining room area. The large living room provides a lovely charm with its exposed brick and hardwood floors, which leads into a king size bedroom. Off the Dining room is the entrance to the private and finished deck & backyard, a perfect space for entertaining! The parlor floor can potentially be made into an owner’s duplex by utilizing the grand finished basement. The basement has its own separate entrance, and was completely renovated with tile flooring, half a bath, and electric work. The basement could be utilized in many different ways including a recreational room, office space, gym, living room, or storage area. Additionally it has a washer/dryer, and an entrance to the backyard. The second and third floors are both floor through and offer the identical foot print to one another. The second and third floor boasts of two spacious bedrooms, a full bath, and a living / dining room space. The main bedroom has an additional room attached (6. 5ft x 7. 4ft) that can be converted into a nursery, an office space or a WIC. Conveniently located near legendary Park Slope shopping, dining and nightlife destinations on 5th and 7th Avenues. One block north, Washington Park offers a playground, dog park, skatepark, a farmers’ market and The Old Stone House. Four blocks east, sprawling Prospect Park features endless trails, verdant open space and access to the Brooklyn Museum, Botanic Garden and Library. Transportation is effortless with F, G, R, Q, B & 2/3 trains, excellent bus service, and CitiBikes nearby. Building Info: Lot size: 20 feet x 100 feet Building size: 18 feet x 45 feet Maximum FAR allowed: 2 FAR as built: 1. 39 Unused FAR: 1, 220 square feet Rent Roll from all 3 units: ~$163K Income unit 1: 1 Bed/ 1 Bath + private backyard ~ $4, 775 Income unit 2: 2 Bed/ 1 Bath ~ $4, 395 Income unit 3: 2 Bed/ 1 Bath ~ $4, 495 Current Cap Rate: ~4. 6%
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William Raveis Real Estate
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Contact@raveis.com
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 | $2,556,000 | $2,556,000 | $2,556,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $14,513 | $15,946 | $21,397 |
Total Monthly Payment | $14,638 | $16,071 | $21,522 |
* 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.