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Opportunity knocks with this well-maintained 3-family property in Brooklyn. Whether you're an owner-occupant looking to offset your mortgage with rental income or an investor seeking a cash-flowing asset, this property offers flexibility and upside. Two units are expected to be delivered vacant at closing, providing the ability to move right in, select your own tenants, or maximize rental income from day one. The layouts offer bright living spaces, generous natural light, and practical floor plans that appeal to both homeowners and tenants alike. Conveniently located near neighborhood shopping, restaurants, schools, parks, and public transportation, the property provides easy access to everyday necessities and commuting options throughout Brooklyn and beyond. Whether you're looking to live in one unit and collect rent from the others or add a strong multi-family property to your investment portfolio, this property presents a rare opportunity to own a versatile income-producing building in a well-established Brooklyn neighborhood. Property Highlights: Legal 3-family building Two units delivered vacant at closing One income-producing occupied unit Updated kitchens and bathrooms in select units Bright interiors with modern finishes Ideal for owner-occupants or investors Convenient access to shopping, transportation, schools, and local amenities Potential for strong rental income and long-term appreciation
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Our Executive Mortgage Banker:
$1,099,999
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 |
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|---|---|---|---|
| Loan Amount | $879,999 | $879,999 | $879,999 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.000% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.086% | 6.183% |
| Monthly Tax Payment | $365 | $365 | $365 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $4,997 | $5,276 | $7,426 |
| Total Monthly Payment | $5,487 | $5,766 | $7,916 |
* 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.