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Discover the potential of this well-maintained two-family home (2 bed 1 bath over 2 bed 1 bath) located at 43 East 32nd Street in the heart of Flatbush, Brooklyn. Ideal for investors or homeowners seeking rental income, this property offers a blend of convenience and opportunity. The home features two distinct units, each offering comfortable living spaces and modern amenities. The lower level unit has been thoughtfully updated with new kitchen cabinets and appliances installed between 2016 and 2017, ensuring a contemporary feel for its occupants. Meanwhile, the upper level boasts updated appliances, providing convenience and functionality. Key updates include a new hot water boiler installed in 2024, ensuring efficient heating throughout the home. Plumbing updates were completed in 2017, enhancing reliability and functionality. The roof was redone in 2018, offering peace of mind with recent structural improvements.
Additionally, the backyard concrete and drain were updated in 2017, adding practical value and ease of maintenance. This property has a proven rental history, having been rented for the past 8 years, making it an attractive investment opportunity. While it may benefit from some additional cosmetic updates, it remains turnkey and ready for occupancy or continued rental income.
Situated in Flatbush, one of Brooklyn's most vibrant neighborhoods, residents enjoy easy access to local amenities, shops, restaurants, and public transportation options. Whether you're looking to invest in a rental property or settle into a multifamily home in a sought-after location, 43 East 32nd Street offers versatility and potential.
Key Features:
- Two family unit
- Kitchen updates in 2016 and 2017
- Updated plumbing in 2017
- Backyard concrete and drain updated in 2017
- New hot water boiler installed in 2024
- 8 year proven rental history
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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 | $676,000 | $676,000 | $676,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.396% | 5.990% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,838 | $4,162 | $5,614 |
Total Monthly Payment | $3,930 | $4,254 | $5,706 |
* 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.