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Well-maintained 6 Family in the heart of Greenpoint! Exceptional investment opportunity in the heart of Greenpoint! This well-maintained 6-family rent-stabilized building offers strong income potential and long-term upside in one of Brooklyn’s most desirable neighborhoods. The property consists of 6 spacious two-bedroom railroad-style apartments. Three of the units have been renovated. Apartment #1L is the owner’s unit and is free market. This unit also features private access to the backyard and exclusive use of the basement for owner storage. DHCR paperwork is in order. Located on a prime Greenpoint block, 596 Humboldt Street is surrounded by vibrant cafes, restaurants, shopping, and convenient transportation options—making it a highly attractive rental location. Only 1 block to McGolrick Park and steps to McCarren Park. Close proximity to Nassau Ave G train and Metropolitan Ave L train stations. Building: 25 ft x 50 ft Lot: 25 ft x 100 ft Zoning: R6B FAR: 1. 5; Max FAR: 2 Taxes: $14, 049/Yr A rare opportunity to own a solid, income-producing building in one of Brooklyn’s strongest rental markets.
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Our Executive Mortgage Banker:
$1,699,000
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 | $1,359,200 | $1,359,200 | $1,359,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.235% | 6.058% |
| Monthly Tax Payment | $1,171 | $1,171 | $1,171 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $7,611 | $8,259 | $11,378 |
| Total Monthly Payment | $8,907 | $9,555 | $12,674 |
* 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.