CASH DEAL OR HARD MONEY. SOLD AS IS. Solid six (6)-family rent stabilized building in prime Bushwick area, a lot of potential, building 20x80, lot 20x90, totaling 4,800 sqft interior space. It consists of four 1 bedroom apartments and two 2 bedroom apartments. 7 electric meters and 7 gas meters, new boiler and hot water tank. Annual gross income is approximately $53,000, expense $27,000, and net income $26,000. Sold as is with all paying tenants, fully occupied. Annual property tax is $15,220. Priced to sell. Excellent location, close to all! Buyers are responsible for all violations and are advised to do their own due diligence. Proof of fund required. Any reasonable offer will be considered!
58 Saint Nicholas Avenue, Brooklyn, NY, 11237
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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