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First Access is This Sunday August 10th at 3PM! Welcome to 742 E 58th Street-a spacious and versatile 2-family brick home in the heart of East Flatbush. With a generous building size of 22" x 54" and over 2, 376 square feet of interior space, this home is configured like a 3-family and offers exceptional potential for both end users and investors. The layout features a 3-bedroom, 2-bath unit on the top floor over a 2-bedroom, 2-bath unit on the first floor, plus a fully finished walk-in level with a separate entrance from the garage. This lower level offers a large open living space, a wet bar easily convertible to a full kitchen, a large pantry, an unfinished bathroom, and additional utility and storage rooms. With direct access to the garage, driveway, and backyard, it's an ideal candidate for use as a private owner's unit or additional rental income. Interior stairs connect all levels, making it perfect for multi-generational living or large households. The top-floor apartment includes a front-facing bedroom with balcony access, a spacious living room, a large eat-in kitchen, and two full bathrooms. Two additional bedrooms are located at the rear of the apartment, one of which includes a full en-suite bath and walk-in closet. The first-floor unit offers a bright living room, an oversized eat-in kitchen, and two bedrooms with ample closet space. The primary bedroom includes a private full bathroom. The walk-in level provides flexibility for use as a third unit or an owner's suite. It features a generous living area, large wet bar, pantry, a partial bath that can be expanded to a full bathroom, and easy access to the front yard, garage, and private driveway. The front yard provides a pleasant outdoor area for relaxing or entertaining. Located in a desirable East Flatbush location near Ralph Avenue shopping, popular cafes like Starbucks, restaurants, Canarsie Plaza, and Gateway Mall, this home also offers convenient access to public transportation, including the 2 and 5 subway lines at Flatbush Avenue-Brooklyn College and several bus routes such as the B6, B103, and B47. Whether you're seeking a strong investment property or a home with room to grow, this East Flatbush gem delivers exceptional space, income potential, and location. Don't miss out on this unique opportunity. Schedule your private tour today.
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Our Executive Mortgage Banker:
$895,000
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 | $716,000 | $716,000 | $716,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.069% | 6.110% | 5.932% |
| Monthly Tax Payment | $645 | $645 | $645 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,954 | $4,293 | $5,946 |
| Total Monthly Payment | $4,691 | $5,030 | $6,683 |
* 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.