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Classic Brownstone with Expansion Potential on a Tree-Lined Block Near Clinton Hill This legal 2-family brownstone is ideally situated on a quiet, one-way, tree-lined street near the vibrant border of Bedford-Stuyvesant and Clinton Hill. Just two houses from the corner, the property offers timeless charm, flexible use, and significant upside for both end-users and investors. With a 17. 5-foot-wide façade, this brownstone includes additional FAR (Floor Area Ratio)—a rare advantage for those looking to expand vertically or reconfigure the layout to maximize living space. The current interior features modernized layout changes that provide flexibility for future improvements, while preserving the structure’s historic appeal. A fully paved backyard and spacious deck create a private outdoor setting perfect for entertaining or relaxing—an increasingly valuable feature in today’s market. The building offers flexibility for a variety of living or investment strategies. Whether you’re considering living in one unit while generating income from the other, accommodating extended family, or exploring long-term rental opportunities, this property has strong potential. Inquire directly to learn more about current tenancy and rental value in the building. The location offers easy access to dining, shopping, and transportation. Just two blocks away, Franklin Avenue/Fulton Street station provides C train service and connects to the Franklin Avenue Shuttle, which runs between Prospect Park and Eastern Parkway, offering seamless transfers to the 2 and 3 trains. This makes getting to Manhattan, Prospect Park, and cultural destinations across Brooklyn convenient and reliable. Close by are neighborhood favorites such as Peaches, Saraghina, and Bar LunÀtico, along with a wide selection of cafés, boutiques, grocery stores, and essential services along Nostrand Avenue. Fitness centers, the YMCA, and green spaces add to the area’s appeal for those seeking both comfort and community. This brownstone represents a unique opportunity to own a piece of Brooklyn’s architectural legacy while customizing it to suit your vision—whether as a residence, investment, or both.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,990,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,592,000 | $1,592,000 | $1,592,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.000% | 5.750% | 5.500% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 5.973% | 5.858% | 5.681% |
| Monthly Tax Payment | $404 | $404 | $404 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $8,546 | $9,290 | $13,008 |
| Total Monthly Payment | $9,075 | $9,819 | $13,537 |
* 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.