**BRING YOUR BUYERS!** HELLOOOO R6 ZONING! DELIVERED VACANT! MOTIVATED SELLER! A PERFECT PROPERTY FOR THE INVESTOR LOOKING FOR AN EXPENSIVE FLIP OR THE END-USER LOOKING FOR A PROPERTY THAT WILL HOLD IT'S EQUITY AS WELL AS GROW IN EQUITY. This is a 2 FAMILY BUILDING BEING DELIVERED VACANT WITH R6 ZONING! THIS PROPERTY HAS FANTASTIC POTENTIAL . . . JUST LOOK AT OUR NEIGHBORS TO THE LEFT AND RIGHT OF US! NEXT DOOR 18 STARR ST SOLD FOR $3. 71m AND 24 STARR ST SOLD FOR $4. 59m. Very easy comps. This house is mortgageable/ a cash offer isn't necessary, just good terms. - Location, Location, Location. . . LITERALLY a 6 Minute Walk to the Central Ave M Subway, 11 Minute to the J, M, Z, 12 Minute Walking Distance to the L Subway, Multiple Buses, and Anything a Renter Desires. - Surrounded by eateries and night time entertainment! Built in 1920, 16 Starr Street is Located in the Heart of Bushwick. . . Only a skip away from Ridgewood, Williamsburg, and Greenpoint. Bushiwick is a Desirable place to call home for many of your potential renters because of the convenience to the City, the Parks, and the Shops and Eateries that run along almost all of its busy streets as well a mature art scene that has been moving in over the years. In a neighborhood where everyone walks or rides a bike, Bushwixk is a Renters Favorite Pick. Building Layout: First Floor: (1) 3 Bedroom BOXED unit Floor Two: (1) 3-Bedroom/4-Bedroom BOXED Unit with Eat-in Kitchen Other Fantastic Details that make this your next purchase: Lot: 20X100 Building: 20X53 R6 ZONING Building Class: 2 Families DELIVERED VACANT LOCATED IN A RENTERS HAVEN Tall Ceilings SUPER LOW Taxes: $2, 770. 12 Information is Deemed Reliable but not Guaranteed. Please perform your own due diligence.
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Our Executive Mortgage Banker:
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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 | $1,040,000 | $1,040,000 | $1,040,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.396% | 5.990% |
Monthly Tax Payment | $231 | $231 | $231 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,905 | $6,403 | $8,636 |
Total Monthly Payment | $6,261 | $6,759 | $8,992 |
* 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.