Priced to sell, this charming bay-windowed brick multi-family at 222 Moffat is an ideal opportunity, whether you're seeking an investment property or a primary residence with rental income.
The property provides a steady cash flow with an attractive cap rate and gross income. All tenants are on month-to-month leases, offering flexibility and reliable income from day one. Note: The property is being sold as-is with current tenancies. The tenants are paying near-market rent and are in good standing.
The home features a rare private, south-facing backyard with no buildings behind it, offering peaceful outdoor space.
The top floor boasts three bedrooms, a home office, a galley kitchen, a windowed bath, and a skylit staircase, adding a touch of brightness.
The parlour floor mirrors the layout, featuring three bedrooms and a windowed bath. The kitchen opens to the yard and includes an eat-in peninsula.
Upon entry, the garden unit impresses with a 55-foot sightline, extending the entire building depth. The open-plan kitchen features a windowed layout, an island with seating for four, and views to the living room, perfect for entertaining guests while cooking. This updated home includes modern finishes, granite countertops, recessed lighting, and stainless-steel appliances.
Conveniently located just seconds from the Wilson L train, only six doors down. Local amenities like a deli, supermarket, and Citibike are all within a block.
Tucked on one of Bushwick's quieter, tree-lined streets, the dead-end at Wilson and Moffat reduces traffic, enhancing tranquility and curb appeal.
*Represents current apartment configuration, which may not conform to official legal documentation. Purchasers should consult with their legal or architectural professionals to determine legal use parameters.
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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 | $1,040,000 | $1,040,000 | $1,040,000 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,905 | $6,488 | $8,706 |
Total Monthly Payment | $6,030 | $6,613 | $8,831 |
* 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.