Welcome to 1074 Nostrand Ave! Welcome to your dream investment opportunity! Nestled in the vibrant neighborhood near Prospect Park, this meticulously renovated 6-unit building awaits its discerning new owner. Boasting contemporary charm and superior craftsmanship, each unit offers a perfect blend of modern convenience and classic elegance. Key Features: Prime Location: Situated near the iconic Prospect Park, residents enjoy easy access to nature, recreational activities, and a myriad of cultural attractions. With convenient transportation options nearby, commuting is a breeze. Gut Renovation: This building has undergone a complete transformation, from top to bottom. Everything is brand new, ensuring hassle-free maintenance and an upscale living experience for tenants. Spacious Units: Each of the six units features ample living space, thoughtfully designed to maximize comfort and functionality. From cozy studios to generous multi-bedroom layouts, there’s a perfect home for every lifestyle. Stylish Interiors: Step inside to discover sleek hardwood floors, chic lighting fixtures, and high-end finishes throughout. The kitchens boast stainless steel appliances, quartz countertops, and custom cabinetry. Natural Light: Large windows flood the interiors with natural light, creating bright and inviting living spaces that residents will love coming home to. Investment Potential: Whether you’re an experienced investor or a first-time buyer, this property offers excellent income potential in a highly desirable rental market. Take advantage of the booming demand for quality housing in this sought-after neighborhood. Don’t miss out on this incredible opportunity to own a premier property near Prospect Park. Schedule a viewing today and experience the epitome of urban luxury living!
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,325,000
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 | $1,860,000 | $1,860,000 | $1,860,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.875% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.430% | 6.977% | 6.664% |
Monthly Tax Payment | $616 | $616 | $616 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $11,302 | $12,219 | $16,203 |
Total Monthly Payment | $12,043 | $12,960 | $16,944 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.