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Pesenting 192 Hale Avenue — a solid three-family home with a detached rear structure, offering a rare combination of immediate income and built-in upside in Brooklyn's Cypress Hills neighborhood. Set on a 23 x 100 lot with approximately 3, 072 sq. ft. of building space across three stories (built 1901), this is exactly the kind of well-positioned multifamily that today's investors and owner-occupants are searching for. The unit mix is the story here. The first-floor two-bedroom will be delivered vacant at closing — move-in ready for an owner-occupant or open for an incoming tenant at market rent. The second- and third-floor three-bedroom units are occupied by long-term, stable tenants (13 years in place) each contributing $2, 000/month with leases running through May 2027 — predictable income today with a clear horizon for repositioning down the road. A rear structure of approximately 1, 000 sq. ft. , also delivered vacant, offers bonus space for the buyer with vision; it needs work, but the potential is real. Behind the walls, the building is set up for efficiency: four separate electric meters, one oil boiler, and one hot water heater. The full, unfinished basement has already been excavated to roughly seven feet with two exterior entrances (front and rear) — the heavy lifting is done for a buyer looking to add value below grade. Location is a genuine advantage. The J train, Highland Park, the Jackie Robinson Parkway, and a full range of neighborhood conveniences are all close at hand, with Manhattan well within commuting reach. Zoned R5B on a residential block in a neighborhood drawing steady attention from families and investors alike, 192 Hale Avenue is a flexible, income-producing entry point into Brooklyn ownership.
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Our Executive Mortgage Banker:
$1,149,888
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 | $919,910 | $919,910 | $919,910 |
| 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 | $457 | $457 | $457 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,151 | $5,589 | $7,701 |
| Total Monthly Payment | $5,732 | $6,170 | $8,282 |
* 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.