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Presented by
Christine Norcross - Christine Norcross & Partners |
Excellent mixed-use investment opportunity in the heart of Borough Park! This well-maintained property features two spacious, identical residential units, each offering 3 bedrooms and 1 full bath—ideal for end users or rental income. Both apartments boast functional layouts with generous natural light and potential for customization. The building also includes a ground-floor commercial space (not detailed here), making it perfect for an owner-occupier or investor seeking steady rental returns. Conveniently located near shopping, dining, schools, and public transportation, this property offers both comfort and convenience in a prime Brooklyn location. In addition a fully finished basement, perfect for additional living space, recreation, storage, or potential office use (consult zoning). A generous backyard provides outdoor space that's rare for the area—ideal for future expansion. Don't miss out on this rare find in one of Brooklyn’s most sought-after neighborhoods!
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Our Executive Mortgage Banker:
Our Insurance Division:
$3,168,000
Luxury Properties Specialist
William Raveis Real Estate
Phone: 781.929.4994
Christine.Norcross@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 781.490.5670
Andrew.vanDyk@raveis.com
NMLS Mortgage Loan Originator ID 23716
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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 | $2,534,400 | $2,534,400 | $2,534,400 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 6.000% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.069% | 6.121% | 5.885% |
| Monthly Tax Payment | $639 | $639 | $639 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $13,995 | $15,195 | $20,877 |
| Total Monthly Payment | $14,759 | $15,959 | $21,641 |
* 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.