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Welcome to a rare opportunity to own a legal two-family home in the heart of Brooklyn, perfectly suited for investors, end-users, or first-time buyers looking to build serious equity.
This property offers a total of 4 legal bedrooms, thoughtfully split with 2 bedrooms on the first floor and 2 bedrooms on the second floor, providing flexible living and income-producing potential. As you enter the home, you’re welcomed by an entry foyer that leads into a classic layout featuring a living room, dining room, and kitchen on the first level. The second floor provides the same functionality with its own living room and kitchen area, making this an ideal setup for a true two-family configuration.
The home has seen meaningful updates over the years, including a roof replaced in 2019. While the property does require TLC, it presents an excellent canvas for buyers who want to renovate at their own pace, add value, and customize to their vision.
Additional highlights include a shared driveway, solid structure, and tremendous upside for the neighborhood. Whether you’re an investor seeking rental income or a homeowner looking to live in one unit while or renting the other, the possibilities here are endless.
Located on Avenue M, you’re surrounded by convenient shopping, dining, and everyday essentials. Public transportation is just moments away, with nearby bus lines providing an easy and direct commute into Manhattan and throughout Brooklyn, making this a highly desirable location for both owners and tenants.
Priced aggressively for the area and condition of the property. This is truly a steal for the neighborhood and an opportunity that doesn’t come around often.
Calling all investors and savvy buyers. Bring your vision and unlock the full potential of this Brooklyn two-family gem.
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.
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To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
$749,999
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $599,999 | $599,999 | $599,999 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.625% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.609% | 6.776% | 6.078% |
| Monthly Tax Payment | $435 | $435 | $435 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,694 | $3,842 | $5,023 |
| Total Monthly Payment | $4,221 | $4,369 | $5,550 |
* 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.