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An Exceptional Property with Two Houses This rare Brooklyn property in the heart of Park Slope offers an unusual opportunity to own two charming houses built on the same lot. Developed in the 1880's and 90's to include a three-story row house on the street, and a two-story carriage house at the rear of the property, the buildings are separated by a 30-foot deep, approximately 675 square foot garden. A private gate and walkway situated to the west of the front house provide access to both the garden and rear house from the street. Currently configured as four apartments across the two houses, 259 8th Street includes a two bedroom two bathroom duplex, and three one bathroom, one bathroom units. Located on a prime Park Slope block, this property offers many possibilities for investors, end users, or those seeking a unique Brooklyn compound. The property's front house includes two apartments. An upper duplex has two bedrooms, two bathrooms, an approx. 110 square foot deck overlooking the garden, and a sunny south-facing parlor floor living room with original wide plank 19th century pine flooring. The garden level apartment is a cozy one bedroom, one bathroom layout, with its own private entrance and door to the garden. The two apartments could be combined with relative ease to create a one-family layout. Situated at the back of the lot, on the north side of the property's garden--the rear house has a rare bucolic feeling. Both of the building's one-bedroom one-bathroom units face south onto the garden, with side windows and views of the neighbor's garden to the east. Known for its tree-lined brownstone blocks, vibrant dining scene, and close proximity to the majestic Prospect Park, Park Slope is considered one of the most desirable neighborhoods in New York. All of the property's apartments will be available for viewing during open houses. Apartments can be delivered either vacant or with tenants in place. Please feel free to reach out to us with any questions.
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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$3,195,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
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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 | $2,556,000 | $2,556,000 | $2,556,000 |
| 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 | $14,114 | $15,325 | $21,225 |
| Total Monthly Payment | $14,239 | $15,450 | $21,350 |
* 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.