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Prime opportunity located at 63 Irving Place in the heart of Clinton Hill, Brooklyn. This vacant lot measures approximately 12. 75 feet by 53 feet, totaling about 676 square feet, and is situated within an R6B zoning district, offering strong potential. The property is located on a quiet, tree-lined block surrounded by classic brownstones and well-maintained townhomes, making it an ideal setting for a boutique residential project. Buyers are advised to verify all zoning, allowable uses, and development parameters with their architect or expeditor. Clinton Hill is one of Brooklyn’s most desirable and architecturally rich neighborhoods, known for its historic charm, wide streets, and vibrant community atmosphere. The area offers convenient access to Fort Greene Park, Myrtle Avenue, and a variety of acclaimed restaurants, cafés, and neighborhood shops. Nearby cultural and educational institutions, along with community gardens and local amenities, contribute to the area’s strong residential appeal. Transportation is easily accessible via the C and G subway lines and multiple bus routes, providing a smooth commute to Manhattan and other parts of Brooklyn. This property presents a rare opportunity in a well-established neighborhood where demand for quality housing remains high.
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Our Executive Mortgage Banker:
Our Insurance Division:
$499,999
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 | $399,999 | $399,999 | $399,999 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.407% | 6.557% | 5.920% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,398 | $2,495 | $3,295 |
| Total Monthly Payment | $2,473 | $2,570 | $3,370 |
* 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.