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Welcome to an exceptional development opportunity in one of Brooklyn’s most dynamic and rapidly evolving residential corridors. 2183 & 2187 Bergen Street, Brooklyn, NY 11233 present a rare chance to acquire two contiguous lots totaling approximately 7, 295 sq ft, ideally positioned in the heart of Bedford-Stuyvesant, bordering Crown Heights and Ocean Hill. This prime assemblage offers a compelling canvas for developers and builders seeking to capitalize on strong residential demand in a high-growth area. The lots feature approximate dimensions of 25 ft x 101. 08 ft and 40 ft x 107. 17 ft, providing excellent frontage and depth for efficient building design. The property is located within an R7A / R6 / C2-4 zoning district, allowing for a wide range of residential and mixed-use development possibilities. Zoning & Development Highlights: * Quality Housing Program Eligible?Under the Quality Housing Program, residential development in an R7A district may achieve a maximum FAR of up to 4. 0, subject to compliance with program requirements. * Substantial Buildable Area?With an allowable FAR increase, the site offers up to approximately 29, 000 buildable square feet, presenting significant upside for a well-designed residential or mixed-use project. * Flexible Development Scenarios & Potential uses include: * Multi-unit residential building * Mixed-use development with commercial ground floor and residential above * Community facility use * A combination of the above, subject to zoning and approvals. Strategic Location: Situated in a neighborhood actively encouraging thoughtful development, this property benefits from strong community infrastructure, increasing demand for quality housing, and excellent proximity to transportation, retail, and neighborhood amenities. The R7A zoning promotes contextual, high-quality residential buildings that integrate seamlessly into the surrounding streetscape while supporting long-term neighborhood growth. This is a rare opportunity to develop a meaningful residential project in one of Brooklyn’s most sought-after and opportunity-rich zoning districts. No offer shall be considered accepted until contracts of sale are fully executed by all parties. All information, including but not limited to lot size, zoning, taxes, and development potential, is deemed reliable but not guaranteed and should be independently verified.
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Our Executive Mortgage Banker:
$4,499,000
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 | $3,599,200 | $3,599,200 | $3,599,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.259% | 6.183% |
| Monthly Tax Payment | $1,829 | $1,829 | $1,829 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $20,436 | $21,869 | $30,372 |
| Total Monthly Payment | $22,390 | $23,823 | $32,326 |
* 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.