Bring your architect and general contractor and take a look at this beautiful, classic townhouse in prime Clinton Hill! 14 Clifton Place is a four-story, 1878 Neo-Grec brownstone located on one of the best and quietest blocks in Brooklyn, near St. James. This property is a true diamond in the rough, boasting numerous original details, including the original entryway doors, staircase, exterior iron bannisters, inlaid floors, pier mirror, crown moldings, sliding pocket doors, and window shutters. The house hasn’t been lived in for 25 years and requires a total renovation. It currently has electricity but no water or heat. The property has been partially cleaned out, with the old kitchens and bathrooms removed. All the floors are intact, and the house appears to be structurally sound—your architect will confirm this. The house can be designed to your liking. It is officially a two-family home and could be configured as a triplex with a garden rental, or it can be used as a single-family or double duplex. The upstairs triplex features six rooms on the upper levels, plus the parlor floor. The basement has been partially dug out to increase ceiling height. The house measures 17. 5 x 42 feet on a 100-foot lot. The garden retains the original slate walkways and faces south. A great potential floor plan could include adding a two-story extension in the rear and raising the top floor roof to make it fully walkable, as opposed to the current attic/pitched roof. Both options would, of course, require DOB and landmarks approvals. Details Block/Lot 01951-0013 Lot Size 17. 5 x100 Building Size 17. 5x42 Families: Two Stories: 3. 5 Interior SF: 2900 Taxes: $6992 Landmarked: Yes Original Details: Yes FAR: Yes; Consult your architect to confirm Exposures: north, south Garden: South facing
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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 | $1,560,000 | $1,560,000 | $1,560,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.625% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.004% | 6.738% | 6.307% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,104 | $9,989 | $13,270 |
Total Monthly Payment | $9,229 | $10,114 | $13,395 |
* 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.