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Discover an exceptional investment opportunity with this meticulously maintained four-family residence at 1623 St Johns Place, located in the heart of Brooklyn. This versatile property offers a mix of spacious and well-appointed units, each designed to cater to modern living needs while providing lucrative rental income potential. Apartment #1: A spacious unit featuring 3 bedrooms and 1 bathroom. Ideal for families or roommates seeking ample living space in a desirable neighborhood. Apartment #2F: Comfortable layout with 2 bedrooms and 1 bathroom. Perfect for small families or professionals looking for a cozy yet functional living environment. Apartment #2B: Another 2-bedroom unit with 1 bathroom. Offers similar amenities to Apartment #2F, providing flexibility and comfort for residents. Apartment #3: Spacious layout with 3 bedrooms and 1. 5 bathrooms. Designed for enhanced comfort and convenience, suitable for larger families or those desiring extra space. Apartment #4: Features 2 bedrooms and 1 bathroom. Provides a comfortable living space, ideal for individuals or a small family. Throughout the property, residents will enjoy modern amenities such as hardwood floors, updated kitchens with sleek cabinetry, and central heating for year-round comfort. Each unit is equipped with separate utilities, ensuring convenience and efficiency. Outside, the property may include a well-maintained facade and possibly a backyard or outdoor space, offering a peaceful retreat within the bustling city. Located in a vibrant neighborhood of Brooklyn, 1623 St Johns Place provides easy access to local shops, restaurants, parks, and excellent transportation options, making it an attractive choice for both investors and residents alike. Whether you're looking to expand your investment portfolio or seeking a multi-family home with income potential, this property offers the perfect combination of modern living and financial opportunity.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,990,000
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 | $1,592,000 | $1,592,000 | $1,592,000 |
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 | $977 | $977 | $977 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,290 | $9,932 | $13,542 |
Total Monthly Payment | $10,392 | $11,034 | $14,644 |
* 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.