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623 Baker Avenue is a distinguished two-family residence nestled in the desirable Van Nest neighborhood of the Bronx. Originally constructed in 1920, this classic property reflects the enduring architectural character of early 20th-century New York while offering generous living space totaling approximately 2, 268 square feet. Set on a 2, 500-square-foot lot, the home presents a traditional yet stately exterior presence, ideal for both end-users and investors alike. The layout includes two well-proportioned residential units, providing flexibility for multi-generational living or income-producing potential. Renovated bathroom and updated -spacious kitchen. Second floor unit Master room, include an attached nursery room, been used as a walking closet right now, but can be use also as an office. A second bedroom offers access to the balcony. First floor unit with a spacious and updated open concept kitchen. Enhancing the property’s versatility is a fully finished basement featuring a one-bedroom apartment, thoughtfully designed to provide additional living space. This lower-level residence offers exceptional value, whether utilized as an extended family suite, guest quarters, or supplementary rental income opportunity. Positioned in a vibrant and well-connected section of the Bronx, 623 Baker Avenue benefits from convenient access to local shopping, dining, schools, and public transportation, making it a compelling opportunity in one of the borough’s established residential communities.
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Our Executive Mortgage Banker:
Our Insurance Division:
$998,000
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 | $798,400 | $798,400 | $798,400 |
| 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% | 6.164% |
| Monthly Tax Payment | $559 | $559 | $559 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,533 | $4,851 | $6,737 |
| Total Monthly Payment | $5,184 | $5,502 | $7,388 |
* 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.