4820 Avenue N, Brooklyn (Flatlands), NY, 11234 | $1,100,000
Incredible investment opportunity featuring recently renovated apartments, a store, and reliable, high-paying tenants.
The property also boasts a new roof in excellent condition. - Lot dimensions are 20 feet by 97. 5 feet - Building dimensions are 20 feet by 55 feet - Each floor has 1100 square feet of space, with a full basement for a total of 3300 square feet - Property taxes amount to $6, 403. 52 - Insurance costs $3, 469. 00 - Water bill is $900. 00, with 25% paid by the store - Annual oil heat expenses are approximately $4000 - Store rent is $2, 513. 27 and lease expires on December 31st, 2025, with a 5-year option - Front apartment with 2 bedrooms rents for $1, 500. 00 and lease expires on December 31st, 2025 - Rear studio apartment rents for $950. 00 with no lease.
4820 Avenue N is located in Old Mill Basin, Brooklyn. It is a residential area with a mix of businesses and houses, offering a glimpse into the daily life of New Yorkers in this vibrant borough.
Features
- Town: Brooklyn
- Levels: 2
- Cooling: Unknown Type
- Zoning: R3-2
- Laundry: InUnit
- Year Built: 1931
- Building Access : Walk-up
- Service Level: Voice Intercom
- Built Size: 20'x55'
- OLR#: RPLU1635523187276
- Days on Market: 58 days
- Website: https://www.raveis.com
/prop/RPLU1635523187276/4820avenuen_brooklyn_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.Listing courtesy of Revived Residential
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Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 1880936
347.223.0992
Sarah.Alvarez@Raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
4820 Avenue N, Brooklyn (Flatlands), NY, 11234
$1,100,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Sarah Alvarez
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 | $880,000 | $880,000 | $880,000 |
| 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 | $4,928 | $5,418 | $7,308 |
| Total Monthly Payment | $5,053 | $5,543 | $7,433 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535