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Welcome to 690 Hancock Street, a classic Brooklyn brownstone located on a beautiful tree-lined block in the heart of Bedford-Stuyvesant. This two-family townhouse offers a rare opportunity for both investors and end-users seeking a move-in-ready property with upside in one of Brooklyn's most desirable brownstone neighborhoods.
Configured as a six-bedroom, three-bathroom home, the property will be delivered vacant at closing, giving the next owner full flexibility to design the ideal layout-whether as a strong income-producing investment, a multi-family residence, or a spacious owner's home with rental income.
The home is currently in move-in condition, while still presenting an excellent opportunity for thoughtful updates that can significantly increase value over time. With its classic brownstone proportions, generous living spaces, and original architectural character, this property offers the perfect canvas to create a stunning Brooklyn residence.
Beyond the home itself, Bedford-Stuyvesant-often referred to as Bed-Stuy-is one of Brooklyn's most iconic neighborhoods, celebrated for its historic brownstones, charming stoop-lined blocks, and vibrant community atmosphere. The neighborhood is known for having one of the largest collections of preserved Victorian brownstones in the country, giving the area its distinctive architectural character and charm.
690 Hancock Street presents an exceptional opportunity to own a classic Brooklyn brownstone with strong investment potential in one of Brooklyn's most vibrant and historic neighborhoods.
Residents enjoy an incredible mix of local cafes, restaurants, and neighborhood favorites nearby, including Saraghina, Hart's, A&A Bake & Doubles, and David's Brisket House, along with boutique coffee shops, bakeries, and neighborhood wine bars that have made Bed-Stuy one of Brooklyn's most exciting dining destinations.
Transportation is convenient with multiple subway options nearby, including the A and C trains at Nostrand Avenue and Utica Avenue, the G train at Bedford-Nostrand Avenues, and the J train at Halsey Street, providing easy access to Manhattan and other parts of Brooklyn.
The neighborhood also offers a number of nearby schools and educational institutions including Brooklyn Brownstone School, Bedford Academy High School, and Boys and Girls High School, along with parks and community spaces that add to the strong neighborhood feel.
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
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Our Executive Mortgage Banker:
$1,600,000
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 |
|
|---|---|---|---|
| Loan Amount | $1,280,000 | $1,280,000 | $1,280,000 |
| 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% | 6.259% | 6.058% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $7,168 | $7,777 | $10,715 |
| Total Monthly Payment | $7,293 | $7,902 | $10,840 |
* 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.