Opportunity awaits in the heart of Canarsie! This 2, 000 sq ft single-family home, built in 1960, offers four bedrooms, three and a half bathrooms, and three levels of living space on a 20-foot-wide lot. The layout includes a sunken, light-filled living room, a formal dining room, an eat-in kitchen that opens to a terrace overlooking the backyard, and a finished basement complete with full bath, laundry, and the option to add a second kitchen. The primary bedroom has its own en-suite bathroom, and additional features include a private driveway, patio, balcony, and garden views.
The home needs some work and carries violations that a buyer will need to address, but this creates a unique opportunity for developers, investors, or end users ready to bring vision and value to a well-located property. Developers will see renovation and resale potential, investors can capitalize on future rental or appreciation upside, and homeowners can transform the space into their dream home while building equity.
Located near Flatlands Avenue shopping, Gateway Center Mall, Canarsie Park, and just minutes from the Belt Parkway and JFK Airport, the property offers convenience alongside opportunity. Several bus lines connect to the 2, 3, 4, and L trains, making commuting easy.
Bring your contractor, your creativity, and your best offer-opportunities like this in Brooklyn don't last long.
Call or email today to schedule your private showing and see the potential for yourself.
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Our Executive Mortgage Banker:
$659,000
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
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $527,200 | $527,200 | $527,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.424% | 6.640% | 5.972% |
| Monthly Tax Payment | $562 | $562 | $562 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,203 | $3,329 | $4,378 |
| Total Monthly Payment | $3,857 | $3,983 | $5,032 |
* 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.