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Nestled on the border of Flatlands and Mill Basin, this semi detached residential home presents a rare opportunity to create long-term value in one of Brooklyn's most established residential enclaves. Held by the same owner for over 30 years, 1843 Troy Avenue is now ready for its next chapter and priced for the visionary ready to bring their contractor, architect, and imagination.
Configured with 3 bedrooms, 2 full bathrooms, and a full finished basement, the home offers generous interior space and flexible living potential. The first floor features a formal living room, dining room, full bath, and kitchen, and is currently being utilized as separate living quarters for multigenerational living. Upstairs, you'll find a spacious primary bedroom, two additional well-proportioned bedrooms, and another full bathroom.
Additional features include a shared driveway, private backyard, and garage space, offering the conveniences Brooklyn buyers continue to seek. The finished basement provides endless possibilities for recreation, extended use, workspace, or future customization.
Positioned on a peaceful residential block with convenient access to Kings Highway, Flatbush Junction, shopping, dining, public transportation, and major thoroughfares, the location blends neighborhood charm with everyday accessibility.
This is a true value-add opportunity for an end user or investor looking to build equity in a highly desirable Brooklyn neighborhood. Property is being sold as-is and will be delivered vacant.
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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Our Executive Mortgage Banker:
$629,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $503,200 | $503,200 | $503,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.625% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.609% | 6.776% | 6.078% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,098 | $3,222 | $4,212 |
| Total Monthly Payment | $3,190 | $3,314 | $4,304 |
* 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.