1703 Foster Avenue presents a compelling mixed use opportunity in the heart of Ditmas Park. This well positioned Brooklyn property features a ground floor deli with two spacious three bedroom apartments above, offering immediate income potential with meaningful upside for an investor or end user with vision. The building does require renovation and TLC, but the bones and layout create a strong foundation for long term value. Set in a vibrant neighborhood known for its character, convenience, and strong residential demand, the property benefits from close proximity to shopping, dining, and mass transit with easy access throughout Brooklyn and into Queens. A smart mixed use asset in a location that continues to draw attention for both lifestyle and investment appeal.
Cooling:
Wall/Window Unit(s)
Basement:
Bilco Door(s), Unfinished, Walk-Out Access
Utilities
Cable Available, Electricity Available, Phone Available, Sewer Available, Trash Collection Public
Lot Description:
Back Yard
1703 Foster Avenue, Brooklyn, NY, 11230
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.
CT Mortgage Lender ML-2630 - MA Mortgage Lender and Mortgage Broker #MC2630 - NH Mortgage Banker #11083-MB - RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB - NY Licensed Mortgage Banker - NYS Department of Financial Services LMBC 106535 / B500898 - NJ Residential Mortgage Lender 2630 - FL Mortgage Lender MLD1388 - VT Lender & Mortgage Broker #6952 & #1297MB
