Welcome home to 188 Brinsmade Avenue, a charming multi-family home located in the sought-after neighborhood of Throggs Neck in the Bronx, NY. This property, built in 1950, offers a unique blend of vintage charm and modern convenience, perfect for both homeowners and investors alike. The home is designed to accommodate multiple families with ample living space, making it ideal for extended families or rental opportunities. The structure is composed of durable brick, ensuring longevity and low maintenance. As you enter, you are greeted by cozy living area that are well-lit and inviting. The kitchens offer plenty of counter space for meal preparation. Unit one is custom designed to offer an agronomical and functional cooking space and has all the essential appliances. The property also features a finished basement with loads of potential. This versatile space can be transformed into an entertaining area for guests, additional bedrooms, or even a rentable third unit, providing an excellent opportunity for extra income or extended family living. The exterior of the property includes a modest front yard and a backyard space, perfect for outdoor activities or relaxation. The lot's dimensions of 23. 42 feet in frontage and a depth of 100 feet provide a generous outdoor area while maintaining a manageable size for easy upkeep. There is a shed in the backyard that is 270 cu. ft. of additional storage space. There is space for 2 cars in the rear driveway protected from street traffic. Situated in a convenient location, 188 Brinsmade Avenue is close to local amenities, including schools, parks, shopping centers, and public transportation options. The neighborhood offers a suburban feel with the benefits of urban living, making it a desirable place to call home. This property is zoned R4-1, allowing for flexibility in its use, including single-family and two-family homes. The current configuration as a multi-family residence makes it a versatile investment with potential for various rental income streams. Overall, 188 Brinsmade Avenue presents a fantastic opportunity to live with both historical charm and modern potential. Whether you are looking to invest or find a home for your family, this property is well worth considering.
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William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $639,999 | $639,999 | $639,999 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.483% | 6.273% | 5.268% |
Monthly Tax Payment | $574 | $574 | $574 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,889 | $3,889 | $5,058 |
Total Monthly Payment | $4,555 | $4,555 | $5,724 |
* 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.