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Detached two-family duplex in East Flatbush featuring a 2-bedroom unit over a 3-bedroom unit plus a full finished basement with separate entrance, offering flexible use and strong end-user or investor appeal. The property sits on a 28 x 100 lot with R6 zoning and approximately 0. 76 built FAR versus a max residential FAR of 2. 43, equating to roughly 6, 800 buildable square feet and allowing for approximately 4, 600+ square feet of additional buildable area. The home includes a private driveway, detached garage, and multiple parking spaces, along with hardwood floors, gas heat, and a solid overall structure. Both units will be delivered vacant, allowing for immediate occupancy or market-rate setup. Conveniently located near Foster Ave and Farragut Rd with access to the B8, B44, and B49 bus lines and the 2 and 5 trains, offering an easy commute throughout Brooklyn and into Manhattan. Ideal for buyers looking to live in one unit while generating income or for investors seeking a value-add opportunity in a stable residential pocket. All FAR, zoning, and buildable square footage figures are approximate and must be independently verified by the buyer’s architect and/or zoning professional.
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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
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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 | $838,400 | $838,400 | $838,400 |
| 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 | $556 | $556 | $556 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $4,695 | $5,094 | $7,018 |
| Total Monthly Payment | $5,376 | $5,775 | $7,699 |
* 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.