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Welcome to 1647 East 48th Street, a standout opportunity on the border of Flatlands and Marine Park in Brooklyn. This beautifully renovated two-family home sits on a 20x100 lot and is being offered as a package deal with an additional 20x100 subdivided parcel for an additional $300, 000—creating a rare chance for end-users, investors, or developers to secure both a move-in-ready property and future upside in one purchase. The home itself has been thoughtfully upgraded with high-end finishes and modern design throughout. The exterior features sleek contemporary siding, a fully fenced perimeter, elegant paver walkways, a tranquil backyard pond, and a private driveway leading to a spacious two-car garage. Inside, the property is configured as two fully renovated two-bedroom, one-bath apartments, offering excellent income potential or the ideal setup for owner-occupancy with rental support. Each unit showcases hardwood flooring, generous layouts, and stylish finishes. The first-floor unit features an electric fireplace with a recessed TV included in the sale, a large eat-in kitchen with ample counter space, and a spa-inspired bathroom complete with a motion-sensor toilet and a fogless illuminated mirror. Additional upgrades include a heated Bluetooth-enabled ceiling fan, enhancing both comfort and convenience. Ideally located just off Flatbush Avenue, the property offers easy access to major shopping, dining, banking, and everyday essentials, along with nearby Marine Park’s expansive green spaces, recreational facilities, and scenic outdoor amenities.
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Our Executive Mortgage Banker:
$950,000
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 | $760,000 | $760,000 | $760,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.235% | 6.058% |
| Monthly Tax Payment | $571 | $571 | $571 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,256 | $4,618 | $6,362 |
| Total Monthly Payment | $4,919 | $5,281 | $7,025 |
* 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.