Welcome to 336 Cornelia Street, a stunning two-family brick building nestled on a beautiful, tree-lined block in the heart of Bushwick. This meticulously gut-renovated property offers the perfect blend of modern comfort and classic Brooklyn charm. With a desirable southern exposure, the building is bathed in natural light, highlighting its elegant barrel-front brick facade.
The spacious duplex features 4 bedrooms, 3 full baths, and direct access to a private backyard—perfect for entertaining or enjoying a quiet moment outdoors. Upstairs, the second unit boasts 4 bedrooms and 2 full baths, offering ample space for a growing family or investment potential. A laundry room for the building adds extra convenience for residents.
Adding to the property’s appeal, there are approved plans to convert the building into 6 units, maximizing its potential by utilizing all remaining FAR (Floor Area Ratio). This makes 336 Cornelia Street an ideal opportunity for investors looking to expand their portfolio. Currently, the building is generating $120, 000 net annually after expenses, providing a steady and attractive income stream.
Located near the L train, this property ensures easy access to Manhattan and other parts of Brooklyn, making commutes a breeze. Just a short walk away, you’ll find Irving Square Park, a community favorite for outdoor activities and relaxation. The neighborhood also offers a variety of popular spots, including cozy cafes, lively bars, and vibrant restaurants like The Evergreen.
Whether you’re looking to invest or seeking a place to call home, this beautifully updated two-family home offers the best of Brooklyn living with a prime location, approved expansion potential, and luxurious amenities. Come see why 336 Cornelia Street is a standout opportunity in Bushwick.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,200,000
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 | $1,760,000 | $1,760,000 | $1,760,000 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,993 | $10,837 | $14,615 |
Total Monthly Payment | $10,118 | $10,962 | $14,740 |
* 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.