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Located in the heart of Williamsburg, this charming property at 396 Graham Avenue offers a rare opportunity to own in one of Brooklyn’s most vibrant and sought-after neighborhoods. This well-maintained two-family home with an additional walk-in apartment blends classic Brooklyn character with comfortable living space, featuring generously sized rooms, abundant natural light, and thoughtful layouts throughout. Situated on an 18. 75 ft x 75 ft lot and zoned R6A, this property offers both stable cash flow and future development upside. The lot dimensions and zoning present potential for future expansion. The building consists of three 1-bedroom, 1-bathroom apartments, each featuring comfortable layouts with generous natural light. A spacious backyard offers valuable outdoor space, while a large upper-level balcony adds additional appeal for tenants or owner-occupants. Ideal for investors or end-users seeking rental income. Situated along the highly trafficked Graham Avenue corridor, this well-positioned building offers exceptional visibility and strong foot traffic. Located just moments from neighborhood favorites, public transportation, and major thoroughfares, this property benefits from its proximity to the Graham Avenue retail strip, McCarren Park, and the L and G subway lines. Whether you're looking for a primary residence or an investment opportunity, this property delivers location, versatility, and long-term value. Don’t miss the chance to own in prime Williamsburg. Perfect for: • Buy-and-hold investors • 1031 exchange buyers • Value-add investors seeking rental growth • Developers exploring R6A build potential (consult architect)
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Our Executive Mortgage Banker:
$2,350,000
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 | $1,880,000 | $1,880,000 | $1,880,000 |
| 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 | $472 | $472 | $472 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $10,527 | $11,423 | $15,738 |
| Total Monthly Payment | $11,124 | $12,020 | $16,335 |
* 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.