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Presented by
Dawn Lynch |
688 Manhattan Avenue, Brooklyn, NY, 11222 | $3,880,000
Discover 688 Manhattan Avenue, a standout mixed-use investment property located in the heart of Greenpoint. This well-maintained building features six free-market residential units and three commercial spaces, with two stores currently vacant, offering an excellent opportunity for a new business or additional income potential. The residential units consist of a mix of one- and two-bedroom apartments, providing strong and consistent rental appeal. The property is in excellent overall condition and presents a compelling opportunity for investors seeking stable cash flow and solid returns. Ideally positioned in one of Brooklyn’s most sought-after neighborhoods, the building is close to McCarren Park, McGolrick Park, and convenient transportation options including the Nassau Avenue G train and the Bedford Avenue L train, which is just one stop from Manhattan. Residents and businesses alike benefit from the area’s renowned restaurants, shops, and neighborhood amenities, making this location highly attractive for both residential and commercial tenants.
Features
- Property Type: Multi Family
- Construction: Brick
- Utilities: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Trash Collection Public, Water Available, Water Connected
- Parking: On Street
- Heating: Natural Gas, Forced Air
- Cooling: Wall/Window Unit(s)
- Units: 9
- Year Built: 1930
- Est. Taxes: $29,570
- Lot Desc: Near Public Transit, Near School, Near Shops
- Middle School: Jhs 50 John D Wells
- High School: Brooklyn Latin School (The)
- School District: Community District 14
- Appliances: Gas Water Heater
- MLS#: 969393
- Days on Market: 36 days
- Website: https://www.raveis.com
/prop/969393/688manhattanavenue_brooklyn_ny?source=qrflyer
William Raveis Family of Services
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.
Dawn LynchSales Associate
617.922.0270
Dawn.Lynch@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Michael CartierVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 1017266
508.335.8179
Michael.Cartier@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Joel FanjoyRegional SVP Insurance Sales, William Raveis Insurance
617.320.5687
Joel.Fanjoy@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
688 Manhattan Avenue, Brooklyn, NY, 11222
$3,880,000
Dawn Lynch
Sales Associate
William Raveis Real Estate
Phone: 617.922.0270
Dawn.Lynch@raveis.com
Michael Cartier
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 508.335.8179
Michael.Cartier@raveis.com
NMLS Mortgage Loan Originator ID 1017266
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $3,104,000 | $3,104,000 | $3,104,000 |
| 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% | 6.247% | 6.058% |
| Monthly Tax Payment | $2,464 | $2,464 | $2,464 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $17,382 | $18,860 | $25,984 |
| Total Monthly Payment | $19,971 | $21,449 | $28,573 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535