54 Corbin Place, #HOUSE
Prime Corner Lot. Tranquil Brighton Beach boarder Manhattan Beach Tantalizing Potential.
2-Car Parking, Massive Backyard, and Close Proximity to Sheepshead Bay and Brighton and Manhattan Beaches.
54 Corbin Place is a spacious two-family house brimming with possibilities as a primary residence, investment property, or development opportunity. This property is being sold in "as is condition" and needs a total gut renovation. Feel free to bring your architect or contractor with you.
Potential end uses include a luxurious single-family home or a live-and-rent multi-family property. With 4, 200 of buildable square feet, the property can also be converted to a multi-unit boutique with up to six separate units. Please reach out to architect Selim Vural at
Studio Vural for more information on potential build out.
Situated on a huge corner lot, the property boasts a massive backyard, a side yard, and a timeless redbrick fa ade marked by charming architectural features. A private driveway and sunken garage offer parking for up to 2 cars.
This is a legal two family currently being used as a single-family residence, the home spans three floors with bright interiors, 5 bedrooms, and 2. 5 bathrooms. Interiors span 1, 965 square feet and come with original oak floors.
On the main level, a welcoming front porch and foyer open to an elegant hall with a powder room. Past a formal living room is a windowed kitchen and dining area leading out to a rear deck overlooking the backyard.
On the upper level are three bedrooms and a full bathroom, while the lower level contains a laundry room, full bathroom, and two additional bedrooms. The 3, 331-square-foot backyard awaits as a future garden oasis with mature trees, lush plantings, and plenty of space for a patio, grill, play area, and more.
54 Corbin Place allows easy access by car to the Belt Parkway, Coney Island Beach, Rockaway Beach, and Marine Park. The B and Q subway lines are a few blocks away.
Please reach out directly to us for a private today! Open houses are by appointment only.
All offers must come with proof of funds to be considered.
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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 | $956,000 | $956,000 | $956,000 |
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 | $777 | $777 | $777 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,579 | $6,121 | $8,132 |
Total Monthly Payment | $6,481 | $7,023 | $9,034 |
* 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.