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A classic, fully renovated, brownstone on one of the most beautiful tree-lined blocks in Brooklyn. At the crossroads of Clinton Hill and Bed-Stuy, the surroundings offer a rare blend of tranquility and vibrant neighborhood living. Gut-renovated in 2023, with the highest standard of design and sustainability, 42 Monroe is a 2-family home with a layout that can easily be adapted if you prefer a grand single-family home. Currently set up as an owner's duplex over a garden rental, both units are thoughtfully designed with a cohesive aesthetic, creating a seamless sense of refinement throughout the home. Sunlight pours through new, oversized double-hung windows on every floor. Each unit features wide-plank FloorScore certified wood flooring, recessed lighting, and Mitsubishi split A/C systems. The open kitchens are fitted with premium Samsung appliances, sleek cabinetry, and natural soapstone countertops and backsplash. Spa-inspired bathrooms feature Taj Mahal quartzite countertops, terrazzo floors, and fluted porcelain tilework, and LG washer/dryers. Both units have their own private outdoor space with an 8' high fence and plenty of space to grill, relax, or entertain. The garden-level unit opens directly to the backyard while the duplex connects via a staircase off the parlor-floor kitchen. Monroe Street embodies classic Brooklyn charm, with rows of historic brownstones, mature trees, and a true neighborhood feel. The A/C and G trains are minutes away. Local staples like Saraghina, Place des Fêtes, Locanda Vini & Olii, Speedy Romeo's, Fan Fan Doughnuts and Clementine Bakery are just around the corner. Whether you’re an end-user looking for flexibility, or an investor who knows the value of prime location and smart layout, this is an exceptional turnkey opportunity. Currently leased through February 2027, the property generates $10, 825 per month in gross rental income.
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:
$2,697,500
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 | $2,158,000 | $2,158,000 | $2,158,000 |
| 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 | $643 | $643 | $643 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $12,084 | $13,112 | $18,065 |
| Total Monthly Payment | $12,852 | $13,880 | $18,833 |
* 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.