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Own an entire building for the price of a condo and have yearly income to cover your expenses! Imagine the amazing house warming party you can have this summer in your gorgeous back yard - ALL in your own income producing home! Pleased to announce this unique 6-unit multifamily property on a tree lined street in Greenwood Heights. Some photos are virtually staged with additional photos of apartments within the building currently rented. Six rent stabilized units total including one owner’s duplex that has three additional rooms in the lower level. Each updated and renovated apartment is a one bedroom with a full kitchen and bath. The vibrant and creatively designed owner’s duplex has direct access to the back yard, washer/dryer, 2 bathrooms and modified living space on the lower level. You can live in this unit or rent it out to increase the entire building income. Some photos are virtually staged; additional photos of apartment in building. The fully-rented property is in a unique location with impressive trees along the street that harbor a bit of quietude within the city limits. It has been a well-managed building that carries low annual expenses, yet provides a strong and stable rental income at competitive rental prices for the neighborhood. The full floor cellar has updated mechanicals and gas boiler. This building configuration presents the best of both worlds, a home that provides for itself and is lovely place to live. 301 23rd Street sits on the edge of the picturesque Greenwood Cemetery - an active green space with historic walking paths - and is blocks from the idyllic Prospect Park. It is set in a perfect neighborhood that has quick access to Manhattan (on the D, N, R, W and close to the F, G) with daily touches of nature all around exuding the feeling of life and abundance of space. In this highly sought after section of Brooklyn, this amazing property is a bright place where you can live in comfort and peace with the security that your home is able to generate additional income for years to come.
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:
$2,999,000
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 | $2,399,200 | $2,399,200 | $2,399,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.259% | 6.183% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $13,622 | $14,578 | $20,246 |
| Total Monthly Payment | $13,747 | $14,703 | $20,371 |
* 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.