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Located on a residential block in East New York, this extra-large two-family home offers exceptional space, flexibility, and long-term upside. Measuring 20 feet wide by 54 feet deep, the property features a shared driveway and a substantial building footprint that is rarely available in the area.
The top-floor unit is configured with four bedrooms, one full bathroom, a kitchen, and a spacious living room, offering excellent room sizes and natural light throughout.
The first-floor unit features three bedrooms, an extra-large living room, a separate dining room, a full kitchen, and one bathroom, providing a comfortable and functional layout ideal for end users or rental income.
The basement level includes a three-quarter bathroom, a kitchenette, and multiple additional rooms, along with direct egress to the backyard, offering valuable bonus space suitable for recreation, storage, or flexible use.
The property requires cosmetic updates but is overall in great condition with solid bones. It will be delivered vacant at closing, allowing a new owner to immediately renovate, occupy, or reposition the property as desired.
Transportation is highly accessible, with close proximity to the A, C, J, Z, and L subway lines via Broadway Junction, one of Brooklyn’s major transit hubs. Nearby bus lines include the B15, B20, B25, B60, B83, and B84, providing convenient connections throughout Brooklyn and into Queens.
Everyday conveniences are close by, including ShopRite of Gateway Center, ALDI Gateway Center, Food Bazaar Supermarket, Key Food, and C-Town Supermarket, along with local shops, schools, and neighborhood services.
This is a rare opportunity to acquire a large, vacant two-family home in East New York with strong layout, excellent transit access, and significant potential.
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.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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$875,000
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 | $700,000 | $700,000 | $700,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 4.750% | 5.625% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 5.878% | 5.732% | 5.555% |
| Monthly Tax Payment | $323 | $323 | $323 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,652 | $4,030 | $5,673 |
| Total Monthly Payment | $4,067 | $4,445 | $6,088 |
* 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.