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872 Park Place, Brooklyn (Crown Heights), NY, 11216 | $2,500,000
Landmarked Renaissance Revival Row House in the Crown Heights North Historic District II.
Constructed in 1895 by Dahlander & Hedman, this 4 Story barrel front gem is in need of a complete renovation but there are still some period doors, mantles, woodwork and an original center staircase. . Built 19. 5 x 47 on a 135. 58 lot and there are extensions in the cellar, garden & parlor levels that reach roughly 60 ft deep!
Seller plans to deliver the building with a Certificate of No Harassment which should allow buyer to change/convert use of the building to a Single Family, Two Family, etc. . . Another option is to keep current usage as 10 units and maximize the rent roll with the changing short term rental laws.
Located Between: Nostrand Ave & New York Ave
Block / Lot: 1241 / 21
Building Class: C3
Zoning: R6
Historic District: Crown Heights North Historic District II
Taxes: $11, 148 +/-
Lot: 19. 5 x 135. 58
Lot SF: 2, 491 SF +/-
Unused FAR: 2, 400 SF +/-
Built 19. 5 x 47 extensions in cellar, garden & parlor levels
Estimated Interior SF
Cellar 979 SF +/-
Garden 1, 081 SF +/-
Parlor 1, 131 SF +/-
3rd Floor 910 SF +/-
4th Floor 910 SF +/-
Building SF: 4, 034 SF +/- not including cellar
Total Building SF: 5, 013 SF +/-
Certificate of No Harassment (CONH) was granted and issued on August 15, 2005.
CONH expired and building currently has SRO status with 10 Class B Units.
Building has been vacant for 18 years.
CONH was refiled for on August 29th, 2024 and reissuance is anticipated soon.
Contact us for more information.
Features
- Town: Brooklyn
- Rooms: 1
- Laundry: InUnit
- Year Built: 1906
- Cooling: Unknown Type
- Building Access : Walk-up
- Service Level: None
- Built Size: 19'x47'
- OLR#: RPLU33423205135
- Days on Market: 1 day
- Website: https://www.raveis.com
/prop/RPLU33423205135/872parkplace_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 Corcoran Group
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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
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872 Park Place, Brooklyn (Crown Heights), NY, 11216
$2,500,000
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 | $2,000,000 | $2,000,000 | $2,000,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 6.125% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.003% | 6.234% | 5.805% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $11,044 | $12,152 | $16,475 |
| Total Monthly Payment | $11,169 | $12,277 | $16,600 |
* 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