166 Coffey Street, Brooklyn, NY, 11231 | $1,499,000

The Opportunity: Build on Red Hooks hottest Street. Picturesque, preserved row houses, with views of The Statue of Liberty and NY skyline. 3700 Buildable square feet, 4 Bedroom 4 Full Bath 1 Half Bath on 25 x 100 lot. Turnkey ground up project. Fully permitted with NB Approval The Value: Full set of drawings: Support of excavation, foundation, structural, architectural, mechanical, electrical and plumbing. INCLUDED Project comes with a site safety plan, updated survey and scaffolding plan. Site fence permitted and erected. Street services are present (disconnected for demo of previous structure) Architect, MEP engineer and structural engineering design documents INCLUDED Access agreement in place with 168 Coffey. Access agreement pending for 164 Coffey. (Both Access agreements come with no cost or time restraints for new owner) All Facade materials are stores on site (see attached list) windows, terrace doors, face brick, wood cladding, wood trim. INCLUDED Foundation has been designed to avoid any underpinning of adjacent structures Lot for rent behind the project to run all construction activities. Off Street access. Project located in Red Hook’s X Zone. No flood insurance required. Red hook. You do not come here by accident. People come with strong intentions. They see open space. A close knit intertwined community that supports free thought and art. Whether food, fashion, painting, sculpture, photography, architecture or coffee, the spirit of Red Hook shapes the medium. Bold with roots to old New York, the streets stretch to New York Harbor where the views of the Statue of Liberty and Downtown are a reminder that Red Hook is part of the city but set just far enough apart to create its own culture and attitude. The buildings are low. Some industrial and pragmatic. Converted to enclaves for artisans to create and live. Designed in a style of living that suits their sensibilities. . Others are Row houses on cobblestone streets that date back to the turn of the century. Most have been repurposed and some have been re-built. Elevating the community while Keeping the heights and dimensions of the old. Utilizing modern finishes and materials to create new interior spaces while embracing the light and air of Red Hook by creating compelling roof decks and gardens. The allure of Red Hook is the sense of wonder and possibility. At every corner you can meet someone who can change your life. A conversation that leads to a new thought or direction. Where the art and concepts are complex but feel approachable and easy. There is a reason the creatives flock here. The energy moves and guides them. All artists have vision. A sense of what will be. It's the only way a blank canvas becomes a painting or a block of stone becomes a sculpture. They are here because of what Red Hook is and what it is to become.

Features

  • Rooms: 12
  • Bedrooms: 4
  • Baths: 4 full / 1 half
  • Style: Contemporary
  • Year Built: 2025
  • Heating: Electric
  • Cooling: Central Air
  • Basement: See Remarks
  • Approx Sq. Feet: 3,700
  • Acreage: 0.06
  • Est. Taxes: $34,817
  • Lot Desc: Back Yard, City Lot
  • View: River
  • Elem. School: Brooklyn New School
  • Middle School: Ms 51 William Alexander
  • High School: Boerum Hill School For International Studies (The)
  • School District: Community District 15
  • Appliances: Cooktop
  • MLS#: 929530
  • Days on Market: 84 days
  • Website: https://www.raveis.com
    /eprop/929530/166coffeystreet_brooklyn_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of BERKSHIRE HATHAWAY   Phone: 516-200-5700

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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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516.739.7731

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Our Insurance Division:

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166 Coffey Street, Brooklyn, NY, 11231

$1,499,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,199,200 $1,199,200 $1,199,200
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 $2,901 $2,901 $2,901
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $6,622 $7,190 $9,958
Total Monthly Payment $9,648 $10,216 $12,984

* 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.