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Welcome to 2657 Briggs Avenue, a legally converted two family residence offering exceptional versatility, strong income potential, and an abundance of living space in the heart of the Bronx. Whether you are an investor seeking a high upside opportunity or an end user looking to offset your mortgage with rental income, this property presents the ideal blend of functionality and long term value. The first floor features a well laid out 2 bedroom unit complete with a spacious living area, kitchen, and full bathroom, providing a comfortable and private living arrangement. The upper levels offer an expansive multi level layout consisting of two bedrooms and a full bathroom on the second floor, while the fully finished attic adds even more usable space with two additional bedrooms and a bonus room ideal for a home office, recreation area, or extended living. The fully finished basement is equipped with a separate entrance and a full bathroom, creating excellent flexibility for additional living space, guest quarters, recreation, or potential supplemental income opportunities. Outside, the property features a private backyard designed for minimal maintenance and easy enjoyment year round. Conveniently located near transportation, shopping, schools, parks, and major highways, 2657 Briggs Avenue offers a rare opportunity to own a spacious legal two family property with tremendous flexibility and income producing potential in a growing Bronx market. This property can also be packaged together with neighboring 2661 Briggs Avenue, which is currently available for sale, presenting a unique opportunity for investors, end users, or multi generational buyers seeking expanded potential and long term value.
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.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
$785,000
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 | $628,000 | $628,000 | $628,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.524% | 5.866% |
| Monthly Tax Payment | $389 | $389 | $389 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,761 | $3,918 | $5,173 |
| Total Monthly Payment | $4,242 | $4,399 | $5,654 |
* 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.