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296 East 92nd Street, Brooklyn (Remsen Village), NY, 11212 | $450,000
Please note that the above-referenced price reflects the Starting Bid Price for the property, which is being marketed for sale by luxury private auction. Online bidding will take place November 19-21. Bids can be submitted prior to the auction event. Seller reserves the right to accept or reject bids. 6% Buyer's Premium. Additional terms apply. Please visit Paramount Realty USA's website for more details.
This two-story, four-unit apartment building presents a prime, value-add investment opportunity. Built in 1931 and renovated in 2014, the property consists of three spacious 2-bedroom, 1-bathroom units and one 1-bedroom, 1-bathroom unit. At 22' wide and 80' long, this approx. 5, 610 square foot property offers an additional 1, 680 square feet of unused FAR to create additional upside value. All units are currently occupied. This building offers access to a private backyard from the walk-out basement, with tenants responsible for their own heat, gas, and electricity. Located in East Flatbush, a vibrant and diverse neighborhood in Brooklyn, this area is known for its rich cultural history and strong sense of community. It offers a blend of residential charm and urban conveniences, with a variety of local shops, restaurants, and parks. East Flatbush is well-connected by public transportation, including the 3 subway and the B7, B17, and B47 bus lines, providing access to other parts of Brooklyn and Manhattan. Setup available upon request. The property is being sold as-is. Please note that no interior access is available prior to the sale, and the sale is subject to an ongoing auction.
Features
- Town: Brooklyn
- Rooms: 11
- Laundry: InUnit
- Year Built: 1931
- Cooling: Unknown Type
- Patio: Yes
- Building Access : Walk-up
- Service Level: None
- Built Size: 22'x80'
- OLR#: RPLU63223231418
- Days on Market: 37 days
- Website: https://www.raveis.com
/prop/RPLU63223231418/296east92ndstreet_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 Brown Harris Stevens Residential Sales LLC
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NMLS Mortgage Loan Originator ID 1880936
347.223.0992
Sarah.Alvarez@Raveis.com
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296 East 92nd Street, Brooklyn (Remsen Village), NY, 11212
$450,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $360,000 | $360,000 | $360,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,395 | $2,393 | $3,036 |
| Total Monthly Payment | $2,470 | $2,468 | $3,111 |
* 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