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Offered together for a combined price of $7 million, 446 State Street and 76 Nevins Street present a rare opportunity to acquire two adjacent townhouses with exceptional development potential in the heart of Boerum Hill. Assembled, the properties unlock additional buildable square footage and allow for a broader range of configuration possibilities than if held individually. 446 State Street is a beautiful 22-foot wide 4-story frame townhouse built in the 1840’s, which is configured with an owner’s garden duplex, a floor-through apartment on the third floor, and a guest suite on the top floor. The house’s historic character and details remain intact, including the original staircase, parlor floor fireplace, and parquet flooring. On the garden level a sunroom looks out to a large backyard and the side wall of 76 Nevins Street. 76 Nevins Street is a fully renovated 22-foot wide brick 3-story mixed-use townhouse with two high-income apartments over a martial arts studio. The commercial space sprawls over 1, 400 square feet with high ceilings, a large skylight, and central air conditioning. Upstairs there are two nicely renovated 2-bedroom apartments, one of which steps out to a sunny terrace. With combined ownership, doors could be introduced along the side of 76 Nevins Street to provide direct access into the rear yard of 446 State Street, as illustrated here, enabling a wide range of commercial and residential uses. 446 State Street and 76 Nevins Street are conveniently located in the heart of Brownstone Brooklyn. The renowned restaurants, cafes, boutiques, music venues and other amenities of Boerum Hill, Cobble Hill, Park Slope, and Downtown Brooklyn are all close by. For a quick commute to Manhattan and the rest of the city, the 2, 3, 4, 5, N , Q , R, B, and D trains as well as the LIRR are nearby at Atlantic Terminal. Come see this rare opportunity to create your unique dream home or investment project. Shown by appointment only.
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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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $5,600,000 | $5,600,000 | $5,600,000 |
| 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 | $31,796 | $34,026 | $47,256 |
| Total Monthly Payment | $31,921 | $34,151 | $47,381 |
* 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.