1116 Banner Avenue, Brooklyn, NY, 11235 | $798,000

Why buy a condo when you can afford this house that offers it all! Welcome to this charming detached home located in a highly convenient and desirable area of South Brooklyn, Sheepshead Bay. This well-maintained property features a spacious 3-bedroom duplex layout spread across two floors, offering a comfortable and functional living space perfect for modern living. The main level boasts a bright and inviting living area, a well-appointed kitchen with dining area, that make it great for dining and entertaining. The kitchen features wooden cabinets with beautiful mosaic backsplash and recently upgraded stainless steel appliances. Appliances such as a refrigerator, dishwasher, stove, and washer/dryer are also included. Extra large sun room is just off the kitchen. One full bathroom with a stall shower is on this main level too. Upstairs, you’ll find three generously sized bedrooms with plenty of natural light and closet space. Also you will find a full bathroom with a bathtub here as well. Both bathrooms were updated in 2015. New kitchen flooring was installed in 2024. A fully finished basement with separate entrance adds incredible value, providing additional living space ideal for a family room, home office, guest suite, or recreation area. Parking for two cars and outdoor space for BBQ grilling. Conveniently situated near shopping, transportation, Belt Pkwy , schools, and everyday amenities, this home offers the perfect blend of comfort, space, and location. Brighton and Manhattan Beaches are just walking distance. Emmons Ave promenade with its cafes, restaurants, coffee shops and beautiful views of the canal are just 5 mins away.

Features

  • Rooms: 6
  • Bedrooms: 3
  • Baths: 2 full
  • Laundry: Washer Hookup
  • Style: Other
  • Year Built: 1920
  • Heating: Hot Water
  • Cooling: Wall/Window Unit(s)
  • Approx Sq. Feet: 1,344
  • Acreage: 0.03
  • Est. Taxes: $4,838
  • Elem. School: Contact Agent
  • High School: Contact Agent
  • School District: Contact Agent
  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • MLS#: 973332
  • Days on Market: 58 days
  • Website: https://www.raveis.com
    /prop/973332/1116banneravenue_brooklyn_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of RE/MAX Edge   Phone: 718-288-3835

William Raveis Family of Services

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Customer Service

888.699.8876

Contact@raveis.com

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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@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

1116 Banner Avenue, Brooklyn, NY, 11235

$798,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $638,400 $638,400 $638,400
Term 360 months 360 months 180 months
Initial Interest Rate** 6.125% 6.490% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.424% 6.640% 5.972%
Monthly Tax Payment $403 $403 $403
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,879 $4,031 $5,301
Total Monthly Payment $4,374 $4,526 $5,796

* 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.