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637 Wilson Avenue, Brooklyn (Bushwick), NY, 11207 | $3,000,000
637 Wilson Avenue presents a compelling opportunity to acquire a well-configured mixed-use building featuring five residential units over one commercial space. The residential component consists of five spacious three-bedroom apartments, layouts that appeal to a wide tenant base. Currently, four of the residential units and the commercial space are occupied, providing immediate income, while one apartment is vacant. There is also the potential for additional units to be delivered vacant at closing, offering flexibility for repositioning, rent optimization, or end-user occupancy. The strong unit mix and current setup allows for both stability and value-add strategy. Situated in a growing neighborhood with continued development and demand, 637 Wilson Avenue is well-positioned for long-term appreciation and income growth. There is a full height basement, perfect to either integrate for additional commercial space, or can potentially be used for storage, additional laundry space or common space for renters. The L train is across the street, giving renters/owners easy access to Manhattan. Building: 26x77 Lot: 26x100 Tax Class: 2A Inquire for income and expense info.
Features
- Town: Brooklyn
- Levels: 3
- Cooling: Unknown Type
- Zoning: R6
- Laundry: SeeRemarks
- Year Built: 1931
- Service Level: Voice Intercom
- Built Size: 26'x77'
- OLR#: RLS20077898
- Days on Market: 55 days
- Website: https://www.raveis.com
/prop/RLS20077898/637wilsonavenue_brooklyn_ny?source=qrflyer
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.Listing courtesy of Compass
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
637 Wilson Avenue, Brooklyn (Bushwick), NY, 11207
$3,000,000
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
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $2,400,000 | $2,400,000 | $2,400,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.069% | 6.110% | 5.932% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $13,253 | $14,389 | $19,930 |
| Total Monthly Payment | $13,378 | $14,514 | $20,055 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535