Presenting an exceptional mixed-use property on 97th Street in the vibrant Bay Ridge neighborhood. This versatile 3-level building features two residential units and one commercial office space, offering a unique blend of residential and business opportunities. Each residential unit comprises 3 spacious bedrooms and 1 bathroom, providing comfortable living spaces. The commercial unit on the ground floor is currently utilized as a medical office. The property includes a private driveway with a detached garage and another double garage, ensuring convenient parking. Additionally, the large backyard offers ample space for outdoor activities and relaxation. Separate heat, and hot water for each unit. Building size 22x72 over lot size 35x126. Annual property tax $12, 807. Surrounded by an array of stores, and restaurants, ideally situated for easy access to numerous amenities. Nearby transportation options include the B8, B63, B37, B16 buses, and R train ensuring seamless connectivity to the rest of the city. Don't miss out on this fantastic opportunity to own a mixed-use property in a prime location
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,999,000
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 | $1,599,200 | $1,599,200 | $1,599,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.850% | 6.360% | 5.930% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,955 | $9,847 | $13,280 |
Total Monthly Payment | $9,080 | $9,972 | $13,405 |
* 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.