Located in the heart of Brooklyn’s vibrant Bushwick neighborhood, 1237 Putnam Avenue is a unique 2 family home that offers exceptional potential for both investors and homebuyers. This property sits at the intersection of Putnam Avenue and Knickerbocker Avenue, providing excellent visibility and high foot traffic. The building is a well-maintained multi-family structure, featuring spacious layouts that are well-suited for modern city living. Surrounded by a mix of historic brownstones and newer developments, the property enjoys a dynamic blend of Brooklyn's classic charm and the energy of a rapidly evolving urban landscape. The prime location offers easy access to Bushwick's best amenities, including trendy cafes, art galleries, and a thriving nightlife scene. Currently being offered with the 4 Bed 3 Baths upstairs unit delivered vacant, and the downstairs unit leased out. By request we can verify payment of rent for the last 12 months. Public transportation is highly accessible, with the Dekalb Avenue L subway stop just a short distance away, providing quick connections to Manhattan and other parts of Brooklyn. Several bus routes also serve the area, ensuring convenient travel throughout the city. The property is just steps from Maria Hernandez Park, a popular green space, and is within close proximity to the bustling shopping and dining options along Wyckoff Avenue and Myrtle Avenue. This property offers the perfect opportunity for those looking to invest in one of Brooklyn’s most rapidly appreciating neighborhoods. Whether you're interested in occupying the space, renting it out, or exploring development opportunities, 1237 Putnam Avenue is poised to provide long-term value in a highly sought-after location.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,480,000
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 | $1,184,000 | $1,184,000 | $1,184,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,723 | $7,387 | $9,911 |
Total Monthly Payment | $6,848 | $7,512 | $10,036 |
* 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.