Opportunity awaits at 87 Waverly Avenue, a three-family brick townhouse situated in the heart of the highly sought-after Fort Greene neighborhood of Brooklyn. This property is a blank canvas, perfect for investors or homeowners looking to create their dream home or a lucrative rental property. A full gut renovation is needed, allowing you to design and customize the interior to your exact specifications.
Key Features:
Three-family configuration: Ideal for rental income or multi-generational living. Easily renovate to the perfect two family or single family layout as well!
1, 500 square feet of unused FAR: Expand and add significant value to the property.
Prime location: Steps away from the Brooklyn Navy Yard, a vibrant and historic area experiencing significant redevelopment and growth.
Proximity to shopping and dining: A short walk to Wegmans, offering convenience and a wide selection of groceries and gourmet foods.
Cultural and recreational attractions: Enjoy the best of Brooklyn with nearby Fort Greene Park, the Brooklyn Academy of Music (BAM), and an array of trendy cafes, restaurants, and boutiques.
Excellent transportation options: Easy access to multiple subway lines (G, C, F) and bus routes, making commuting a breeze.
This is a rare chance to own a piece of Brooklyn history while crafting a modern living space in one of the city's most dynamic neighborhoods. Don't miss out on the potential that 87 Waverly Avenue has to offer.
Invest in Fort Greene, where historic charm meets contemporary living. Create your vision at 87 Waverly Avenue today!
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Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,995,000
William Raveis Real Estate
Phone: 888.699.8876
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 | $1,596,000 | $1,596,000 | $1,596,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.055% | 6.234% | 5.805% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,937 | $9,697 | $13,147 |
Total Monthly Payment | $9,062 | $9,822 | $13,272 |
* 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.