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Fully detached brick multi-family with private driveway and garage in prime Brooklyn location. Flexible layout offering multiple income opportunities and a finished basement with separate entrance. Minutes from subway lines and Prospect Park, combining space, convenience, and long-term value. 3553 12th Avenue a rare fully detached brick multi-family home ideally positioned on the border of Kensington and Borough Park in Brooklyn. Built in 1920, this well-maintained legal three-family property offers approximately 3, 000 square feet of interior space and sits on a generous 34. 67 ft x 90 ft lot. Offering a unique blend of space, flexibility, and income potential, the property is well suited for buyers seeking a primary residence with rental income or investors looking for a versatile Brooklyn investment property. The first floor features a spacious convertible three-bedroom layout, currently utilized as a three-bedroom apartment, providing comfortable living space and flexible use. The second floor includes two bright one-bedroom apartments, each offering efficient layouts that appeal to tenants and support steady rental income. A standout feature of the home is the finished basement with its own separate entrance. This expansive level is currently configured as a large open space and features a generous eat-in summer kitchen large enough to accommodate an eight-person dining table, washer and dryer, and an abundance of storage closets. The layout easily lends itself to a one-bedroom configuration, offering exceptional versatility for recreation, extended living, or additional usable space. Additional highlights include three gas meters and three electric meters, providing efficient utility management for multi-unit living. Outdoor amenities further enhance the property's appeal, including a private driveway, large garage, and fenced backyard, a rare and highly desirable combination in Brooklyn that offers convenience and valuable off-street parking. Located in an R5-zoned residential neighborhood, the home offers excellent access to neighborhood amenities. The property is conveniently situated near the F and G subway lines at Church Avenue as well as the D train at Fort Hamilton Parkway, providing easy commuting options throughout Brooklyn and into Manhattan. Prospect Park, one of Brooklyn’s most beloved green spaces, is also just minutes away, offering year-round recreation, walking trails, and open parkland. Whether you're looking to create a home with income or expand your investment portfolio, 3553 12th Avenue presents a rare opportunity to own a spacious, flexible multi-family property in one of Brooklyn’s most vibrant and connected neighborhoods.
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Our Executive Mortgage Banker:
$2,250,000
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 | $1,800,000 | $1,800,000 | $1,800,000 |
| 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 | $734 | $734 | $734 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $10,220 | $11,083 | $15,189 |
| Total Monthly Payment | $11,079 | $11,942 | $16,048 |
* 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.