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Presented by
The MCM Team |
Welcome to 296 Arlington Avenue, a rare 2-family gem in Cypress Hills, Brooklyn, offering space, income, and exceptional potential under one roof. This well-maintained home features two large 3-bedroom, 1-bath apartments, each with a spacious living/dining room combination and well-kept kitchen—ideal for end-users, investors, and multigenerational occupancy. Generously sized bedrooms and excellent closet space throughout provide the comfort and functionality today’s buyers and renters demand. A full basement with two separate outside entrances—one front-facing and one leading directly to the private backyard—adds incredible flexibility for storage, recreation, workspace, or future customization (with any necessary approvals). The oversized, fully private backyard is perfect for entertaining, gardening, or simply enjoying your own outdoor oasis in the city. With its smart layout, ample space, and solid condition, this property is easy to move into, rent out, or thoughtfully upgrade over time to build even more value. This home is an outstanding option for an owner-occupant looking to live in one spacious 3-bedroom unit while generating rental income from the other, or for an investor seeking strong cash-flow potential in a high-demand Brooklyn rental market. It also works beautifully for multigenerational living, allowing extended family to enjoy separate apartments while sharing the basement and backyard. Highland Park is just minutes away, offering additional green space, playgrounds, and recreational amenities that further enhance the lifestyle appeal. With multiple income streams, desirable layouts, and strong tenant appeal, this property checks all the boxes for long-term stability and appreciation. Centrally located near Atlantic Avenue and major routes such as Fulton Street, Jamaica Avenue, and the Jackie Robinson Parkway, 296 Arlington Avenue offers convenient access to Brooklyn, Queens, and Manhattan. The neighborhood is well-served by public transportation, including nearby buses and trains, and is surrounded by essential amenities such as laundromats, supermarkets, restaurants, and local shops. If you are searching for a move-in ready 2-family home with excellent rental potential, a private backyard, flexible basement access, and a prime Brooklyn location, 296 Arlington Avenue is a must-see.
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:
$950,000
Sales Associate
William Raveis Real Estate
Phone: 203.733.7006
TheMcCarthyGroup@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 845.290.3871
Matthew.DeMaria@raveis.com
NMLS Mortgage Loan Originator ID 147983
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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 | $760,000 | $760,000 | $760,000 |
| 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 | $293 | $293 | $293 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,965 | $4,375 | $6,160 |
| Total Monthly Payment | $4,350 | $4,760 | $6,545 |
* 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.