Welcome to 695 Meeker Avenue, a rare gem in the heart of Greenpoint's flourishing real estate market. This stately three-story walk-up spans an impressive 4, 536 square feet, offering a unique opportunity to own a piece of one of Brooklyn's most dynamic neighborhoods. Great investment opportunity. Featuring six rent-stabilized units, this property is an investment opportunity with steady income streams-five of the six units are currently tenanted. Each residence is thoughtfully designed, boasting two spacious bedrooms, a comfortable living room, and a full bath, with a dining. Situated just steps from McGolrick Park and within walking distance to the L and G subway lines, the property offers unparalleled access to the vibrancy of Greenpoint and its seamless connectivity to the rest of New York City. Residents enjoy a perfect balance of urban convenience and community charm, surrounded by thriving local businesses, trendy cafes, and serene green spaces. With real estate taxes approximately $9, 980 annually, this property represents an exceptional blend of location, size, and income stability. Whether you're a seasoned investor or a buyer looking to enter the sought-after Greenpoint market, 695 Meeker Avenue is a cornerstone of opportunity, perfectly positioned to grow alongside the neighborhood's upward trajectory. Don't miss out on this incredible investment that promises both immediate income and long-term potential in one of Brooklyn's most desirable communities.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,298,000
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 | $1,038,400 | $1,038,400 | $1,038,400 |
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 | $918 | $918 | $918 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,896 | $6,478 | $8,693 |
Total Monthly Payment | $6,939 | $7,521 | $9,736 |
* 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.