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1191 Dean Street, Brooklyn, NY 11216 Prime Crown Heights Historic Two-Family Opportunity Welcome to 1191 Dean Street, a classic three-story Brooklyn townhouse located in the heart of Crown Heights, one of Brooklyn’s most vibrant and sought-after neighborhoods. This two-family property presents a rare opportunity for an end user, investor, or developer looking to complete a restoration project and create a stunning Brooklyn residence. Approximately 65% of the property’s original architectural details have already been carefully restored, including beautiful original woodwork and intricate ceiling details, preserving the historic charm that makes Brooklyn brownstones so desirable. The property offers generous living space across three floors with high ceilings, large windows, and excellent natural light throughout. With much of the restoration work already completed, the next owner has the unique opportunity to finish the renovation and customize the home to their exact vision—whether as a grand owner’s residence with rental income or a fully restored two-family investment. Located on a charming tree-lined block in prime Crown Heights, the property is surrounded by some of Brooklyn’s best restaurants, cafés, parks, and cultural attractions, with convenient access to public transportation and Manhattan. This is a rare chance to complete a partially restored historic townhouse and bring your dream home to life in one of Brooklyn’s most desirable neighborhoods. Property Highlights: Two-Family Townhouse Three Stories Original Woodwork & Ceiling Details Approximately 65% of Historic Restoration Completed Opportunity to Finish Renovation to Your Taste Located in Prime Crown Heights Bring your vision and finish this beautiful Brooklyn townhouse into the dream home it was meant to be.
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Our Executive Mortgage Banker:
$2,999,500
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 | $2,399,600 | $2,399,600 | $2,399,600 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.361% | 6.183% |
| Monthly Tax Payment | $455 | $455 | $455 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $13,625 | $14,775 | $20,249 |
| Total Monthly Payment | $14,205 | $15,355 | $20,829 |
* 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.