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HELLO INVESTOR AND BUYER LOOKING FOR THEIR NEW HOME! DELIVERED VACANT! RARE RIDGEWOOD OPPORTUNITY! LEGAL 2-FAMILY SEMI-DETACHED WITH A SHARED DRIVEWAY! LARGE BUILDING SIZE: 19FT x 55FT! Opportunities like this don’t come knocking often… but when they do, Buyers pay attention. Whether you're an investor searching for strong rental potential or an end user looking for a large home with income-producing possibilities, this Ridgewood gem checks all the boxes. This legal Two-Family home features TWO oversized 3-Bedroom apartments — BOXED layouts on both the first and second floors — each approximately 1, 045 sqft! Large rooms, flexible layouts, and the kind of square footage that is becoming harder and harder to find in NYC. **And the best part? DELIVERED VACANT!** No inheriting tenants. No waiting. Just immediate opportunity. FULLY FINISHED BASEMENT WITH A FULL BATHROOM! Perfect for additional recreational space, home office setup, gym, storage, guest space, and more. LOCATION, LOCATION, LOCATION! Just a 13-minute walk to the Fresh Pond M Train, making commuting into the city seamless. Surrounded by Ridgewood’s vibrant mix of cafes, restaurants, bakeries, bars, shopping, and everyday conveniences. PLUS… Bushwick is only a quick 5-minute bike ride away! FOR INVESTORS, THE NUMBER MAKE SENSE: -Excellent rental income potential -High-demand rental market -Spacious layouts tenants actually want -Easy transportation access for commuters -Flexible living spaces ideal for work-from-home lifestyles FOR END USERS: Why settle for a standard single-family when you can OWN a massive multi-family property and offset your expenses with rental income? **RIDGEWOOD CONTINUES TO BE ONE OF NYC’S HOTTEST NEIGHBORHOODS** -Ranked #1 NYC Neighborhood to Watch by StreetEasy -Recognized as the 4th Coolest Neighborhood in the World by Time Out Magazine IMPORTANT DETAILS: Built: 1920 Building Size: 19 x 55 Lot Size: 22. 42 x 100 Zoning: R4-1 Taxes: $7, 269. 28 All information deemed reliable but not guaranteed. Buyers are encouraged to perform their own due diligence.
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Our Executive Mortgage Banker:
$1,399,999
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 |
|
|---|---|---|---|
| Loan Amount | $1,119,999 | $1,119,999 | $1,119,999 |
| 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 | $606 | $606 | $606 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $6,359 | $6,896 | $9,451 |
| Total Monthly Payment | $7,090 | $7,627 | $10,182 |
* 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.