3120 Church Ave is a two story 18.58 x 58 brick mixed-use building on a 100.75 lot with R6, C1-2 zoning and roughly an additional 2,300 SF +/- in unused FAR.
The commercial tenant has a lease in place through 2027 at $5,500 per month.
The residential portion has 4 bedrooms / 1 bath and will be delivered vacant.
Both tenants are responsible for their own gas and electric cost - commercial tenant is responsible for 25% of water/sewage cost.
Building is outfitted with split systems and a forced air system for heating and cooling as well as a boiler with baseboard hot water heat.
Some of the neighborhood's best amenities are right on Church Ave, 2/5 trains are 1 block away and there are new developments all around the surrounding area.
3120 Church Avenue, Brooklyn, (Flatbush), NY, 11226
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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