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For Sale: Prime Mixed-Use Investment Opportunity in Brooklyn 1705 Saint Johns Pl, Brooklyn, NY 11233 Located in the heart of Brooklyn, this three-story mixed-use property presents an exceptional opportunity non-for-profit businesses, investors, business owners, and homeowners alike. Featuring one commercial storefront on the ground level and two spacious residential units above, this property offers strong income potential in a high-demand neighborhood. Property Highlights: Total Building Size: 3, 500 sq. ft. (2, 200 sq. ft. residential + 1, 300 sq. ft. commercial) Lot Size: 1, 532 sq. ft. | Building Depth: 55 ft. | Building Frontage: 20 ft. Freestanding Masonry Structure built in 1920, preserving classic Brooklyn architecture. Zoning: R6, allowing for various residential and mixed-use possibilities. Tax Class: 1, offering lower tax obligations for long-term ownership. Prime Corner Location near Ralph Avenue and Howard Avenue, ensuring high foot traffic and excellent visibility. For Non-for-Profit businesses or religious organizations For Investors: A fully functional mixed-use asset with multiple income streams. For Business Owners: Operate your own business in the commercial space while generating rental income from the residential units. Located in Ocean Hill/Bedford-Stuyvesant, a rapidly growing Brooklyn neighborhood. Public Transportation: Close to subway lines A, C, J, Z, and L, along with multiple bus routes. School District: Zoned for NYC Geographic District #17, with P. S. 191 - Paul Robeson as the nearest elementary school. Surrounded by local businesses, parks, and shopping centers, making it an attractive area for tenants and business owners. Additional Notes: No Landmark Restrictions, allowing flexibility for renovations or redevelopment. Not in a Flood Zone, eliminating additional insurance burdens. Legal Mixed-Use Property with no zoning conflicts.
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Our Executive Mortgage Banker:
$1,000,000
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 | $800,000 | $800,000 | $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 | $0 | $0 | $0 |
| H/O Insurance Payment | TBD | TBD | TBD |
| Initial Principal & Interest Pmt | $4,542 | $4,926 | $6,751 |
| Total Monthly Payment | $4,634 | $4,926 | $6,751 |
* 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.