Welcome to 1437 Pacific St. Opportunity Knocks, with this stunning Historic Crown Heights gem. A rare once in a lifetime opportunity awaits. 1437 Pacific St. is a legal (3) three family income producing brownstone that spans 4, 000 sq/ft of living space. This recently renovated, turn key move in ready townhouse will captivate you from the moment you arrive with its warm and welcoming energy. The owners triplex boast the most amazing flexible layout. The parlor floor consists of 2 bedrooms a renovated bathroom and a huge living space with original molding and details. As you enter the garden floor you move from the open family room into a massive chef's kitchen with eating space that leads out to the beautiful private back yard. But wait there's more. The over sized basement can be used as a home office, entertainment room, gym or anything your creative heart desires. This income producing property ideal for savvy real estate investor or primary home owner alike. The (2) two rental units enjoy expansive sun drenched modern, open concept living/dining areas which provide great space for entertaining. The units are (2) two bedroom, (1) one bath each with approximately 1000 sq/ft of living space. Separately metered, each tenants pays their own utilities. Start producing income immediately after closing. Ideally located, this historic property is a few short blocks away from LIRR , A/C, IRT trains. Enjoy what Crown Heights has to offer with the Brooklyn Museum, Botanic Gardens or enjoy the 526 acres of Prospect Park that includes a zoo, an Audubon Center, and an ice skating rink in the Winter! This beautiful, strategically located property has close by eateries and shopping galore!
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,250,000
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 | $1,800,000 | $1,800,000 | $1,800,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | $533 | $533 | $533 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $10,220 | $11,230 | $15,068 |
Total Monthly Payment | $10,878 | $11,888 | $15,726 |
* 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.