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Presenting this exceptional gem in Boerum Hill, Brooklyn: a legal four-family property featuring four bedrooms and four bathrooms, perfectly designed for those seeking to combine personal living space with strong income potential. Live in one unit while the remaining units generate attractive rental income or reconfigure the layout to match your vision and lifestyle. From the moment you arrive, this property feels like home — featuring high ceilings, abundant natural light, a roof less than 10 years old, a boiler under two years old, a recently updated hot water tank, four-zone heating, and a charming. Offering approximately 3, 104 square feet of living space, the property has been well maintained and presents exceptional potential for both end-users and investors alike. The location is truly unmatched: The bus stop is just a few steps away, with a Citi Bike station around the corner, one block from the subway, and offering direct access to Manhattan within minutes, with excellent proximity to both the Brooklyn and Manhattan Bridges. Surrounded by boutique shops, premier restaurants, and upscale supermarkets, and located just minutes from Downtown Brooklyn. The property is being sold as-is and drive-by only, currently occupied by one tenant. Buyers understand that the property will be transferred with the current occupancy in place, which is reflected in the competitive pricing compared to surrounding properties in the area. This creates a unique value-add opportunity and makes it an exceptional acquisition for investors seeking long-term upside, future repositioning potential, and strategic value in one of Brooklyn’s most desirable neighborhoods. All information is deemed reliable but not guaranteed. Buyers must independently verify taxes, square footage, condition, occupancy, and all other property details.
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Our Executive Mortgage Banker:
$3,250,000
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 | $2,600,000 | $2,600,000 | $2,600,000 |
| 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 | $760 | $760 | $760 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $14,559 | $15,798 | $21,765 |
| Total Monthly Payment | $15,444 | $16,683 | $22,650 |
* 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.