|
Investors, take note: 4215 Atlantic Avenue is a truly exceptional opportunity in the prestigious, gated beachfront community of Seagate. This fully detached, 4, 540-square-foot, 6-family building is nestled on a generous 60 x 100 lot, just steps from one of New York City's most pristine private beaches. Offering the perfect blend of exclusivity, security, and income potential, this property is a standout gem. The building features **seven apartments**, thoughtfully laid out to maximize both comfort and revenue potential: **First Floor**: Apartments 1 and 2 are located at the front of the building, while Apartment 3 is situated on the side. **Second Floor**: Apartments 4, 5, and 6 occupy this level. **Third Floor**: Apartment 7 is the sole unit on this floor. The configuration includes **10 bedrooms and 7 bathrooms**, designed to accommodate a range of tenants. Recent renovations ensure the property is in outstanding condition, offering a turnkey investment for those looking to expand their portfolio or capitalize on the growing demand for beachfront living. Located on a serene block directly across from the beach, residents will relish the tranquil seaside atmosphere while still benefiting from seamless connectivity to the city. Express buses (X28/X38) from nearby Neptune Avenue provide quick access to Midtown Manhattan, and subway connections to the D, F, Q, and N lines make commuting a breeze. The property boasts annual taxes of $24, 351 and Seagate Association fees of $26, 000—an attractive entry point into New York City's exclusive coastal market. Whether you're drawn to the steady rental income, the allure of beachfront charm, or the convenience of city accessibility, this property checks all the boxes. Ready to generate returns and unparalleled in its location, 4215 Atlantic Avenue is a rare investment opportunity you don’t want to miss. **Contact us today to learn more and review the attached APOD (Annual Property Operating Data) form for detailed income and expense figures. **
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.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
$1,048,000
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
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $838,400 | $838,400 | $838,400 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.000% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.133% | 6.183% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $4,760 | $5,027 | $7,075 |
| Total Monthly Payment | $4,885 | $5,152 | $7,200 |
* 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.