Fully Renovated Rental Investment Opportunity with a Cap Rate Over 6%Showings by Appointment only 1207 Rogers Avenue is a fully renovated residential boutique rental building located in the heart of Flatbush. The property boasts seven pristine, ready-for-market homes with modern finishes and layouts. There is a 2-bedroom lower-level duplex, five 1-bedroom units, and a convertible 2-bedroom penthouse with gorgeous views. Each home receives plenty of light through tall sash windows with deep sills. Each unit has mini-split systems and are energy efficient and provide heating and cooling throughout the year. Long-lasting recessed lights and durable hardwood floors come standard. Open plan kitchens are fully-equipped with ample storage, sleek stone countertops, and a suite of stainless steel appliances. Bathrooms finishes include stone tile walls and floors and full-size tubs. Residents of 1207 Rogers Avenue will enjoy easy access to dozens of restaurants, bars, cafes, and shops and close proximity to Kings Theatre, Flatbush Junction, Brooklyn College, Cortelyou Road, the Ditmas Park Historic District, and Little Haiti and Little Caribbean. Nearby subway lines include the 2, 5, and Q, offering easy transport to Prospect Park and Manhattan. Pro forma available upon request
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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:
$2,595,000
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 | $2,076,000 | $2,076,000 | $2,076,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.875% | 6.500% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.335% | 6.612% | 6.433% |
Monthly Tax Payment | $689 | $689 | $689 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $12,280 | $13,122 | $17,800 |
Total Monthly Payment | $13,094 | $13,936 | $18,614 |
* 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.