Welcome to 235 Marion Street, a flexible opportunity conveniently positioned in the Ocean Hill neighborhood.
Just a stone's throw away from the evergreen Saratoga Park, this property also conveniently sits directly across from PS 40 George Carver. With the C train at Ralph Ave practically on your doorstep (just two quick blocks away), and the J at Halsey only a short 10-minute trip, getting around couldn't be more effortless!
This charming townhouse reaps the benefits of a complete gut renovation from 2014. The entire place was successfully leased by 2015 and is now a primed blank canvas for a savvy buyer with an eye for adding value. With over 1000sf of air rights not yet utilized, the Sky is the Limt!
Presently, the current owner enjoys $2200 a month in airbnb income from the basement studio, which has a kitchenette. This unit can be combined with unit 1, as there is already an internal staircase.
Unit 1, currentlly leased at $2300, with lease expiring 9/15, features a renovated kitchen, exposed brick in a living room well suited for entertaining, and 2 queen sized bedrooms. One bedroom has a long foyer that heads out to the backyard which is a verdant blank canvas awaiting curation from a green thumb with vision.
Unit 2, currently vacant, previously leased at $2350 features high ceilings and skylights in Living Room and 2 out of 3 bedrooms. With exposed brick in the living room, this feels more like a segmented loft than a townhouse floorthru. The primary bedroom has a walk in closet, ensuite bath, and overlooks the garden. The secondary bedroom is King Sized and skylit, would be a great room for 2 siblings to share with room for play and toy storage. The third bedroom would be best as an office, guest room, or nursery, also skylit. The past occupant was an artist and was successfully utilized each room to serve a different function of her design work.
Do not wait for the next best opportunity, seize this one now!
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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 | $1,116,000 | $1,116,000 | $1,116,000 |
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 | $6,249 | $6,781 | $9,193 |
Total Monthly Payment | $6,374 | $6,906 | $9,318 |
* 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.