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Prime Brooklyn Location - High foot/vehicle traffic; corner of McGuinness Blvd & Greenpoint Ave; near to East River Waterfront. Strong, Growing Residential Base - Growing population of young professionals drives high demand for rentals and condos; surrounded by new luxury developments. Steps to Boutique Lifestyle Amenities - Cafés, Restaurants, Nightlife, Parks, Boutique Shops all along Manhattan Avenue & Franklin Street. Zoning: R6A (FAR 3 max) / C2-4 (FAR 2 max), 2 Stories (adjacent buildings 5+), Year Built: 1931 (Renovated 2019 and 2023). Easy Connections to Transportation - Buses on same street, 1 block to Subway (G), nearby Ferry Service at India Street & LIRR. Can Be Delivered Vacant. Appliances all included as is. Property is being sold entirely "as is" in its present condition, including all structures and improvements as they stand. Though believed accurate, all information including taxes, schools and certificate of occupancy must be independently verified. Taxes are stated for 2024-2025. Schools are as reported by Niche. Owner, Listing Agent & Broker are not responsible for any inaccuracies, prospective buyers & their agents must confirm all facts.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$3,500,000
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 | $2,800,000 | $2,800,000 | $2,800,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.235% | 6.058% |
| Monthly Tax Payment | $291 | $291 | $291 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $15,679 | $17,013 | $23,439 |
| Total Monthly Payment | $16,095 | $17,429 | $23,855 |
* 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.