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Located on a beautiful, tree-lined block in prime East Flatbush, 160 East 31st Street is a two-family brick home offering scale, flexibility, and strong long-term upside in one of Brooklyn's most established residential neighborhoods. With classic curb appeal and solid construction, this property presents a compelling opportunity for buyers looking to renovate and create significant value.
Spanning approximately 2, 400 square feet, the house features five bedrooms and two-and-a-half bathrooms across two units. The upper duplex is thoughtfully laid out with four bedrooms and one-and-a-half bathrooms and enjoys direct access to a lovely backyard, ideal for entertaining, gardening, or everyday outdoor living. While the home would benefit from a full renovation, the space offers great natural light, generous room sizes, and a layout that can be reimagined into a modern, high-end residence.
The lower unit is a one-bedroom, one-bathroom apartment, well suited for rental income, extended family use, or a private workspace. With the proper updates, this unit can further enhance the overall income potential or functionality of the property.
The home is ideally positioned near the 2 and 5 subway lines at Newkirk Avenue-Little Haiti station and the B and Q lines at Church Avenue station, providing convenient access throughout Brooklyn and into Manhattan. Nearby bus routes include the B8, B44, and B35. Everyday conveniences are close by, including Key Food, Associated Supermarkets, and ShopRite, along with a variety of neighborhood restaurants, coffee shops, and local services. Nearby parks add to the neighborhood's appeal and overall livability.
With strong bones, a flexible layout, and a prime location, 160 East 31st Street is ideal for buyers ready to take on a full renovation project and unlock its true potential as a customized home or high-performing investment in the heart of East Flatbush.
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.
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Our Executive Mortgage Banker:
$825,000
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 | $660,000 | $660,000 | $660,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.361% | 6.183% |
| Monthly Tax Payment | $554 | $554 | $554 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,747 | $4,064 | $5,569 |
| Total Monthly Payment | $4,393 | $4,710 | $6,215 |
* 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.