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Opportunity for investors or end users seeking a 2-family property with upside in a convenient Flatlands/Brooklyn location. This property features a 3-bedroom-over-2-bedroom layout with a finished basement, interior vestibule/common hallway, and separate interior access points to the first-floor unit, second-floor unit, and basement. The basement is to be delivered vacant and provides access to the rear yard. The second-floor owner’s bedroom is to be delivered vacant; two additional second-floor bedrooms are currently not accessible due to non-cooperative occupants. The first-floor unit is also currently not accessible due to a non-cooperative tenant. Property is being sold strictly as-is and buyers must be willing to proceed with limited access for showings, inspections, and appraisal purposes. Layout may allow future owner-occupancy on either level while maintaining basement access, subject to tenancy status and buyer due diligence. Oil heat. Conveniently located near Flatbush Avenue, Avenue K, Kings Highway, Brooklyn College, Kings Plaza, Marine Park, local shopping, schools, restaurants, and multiple transportation options including nearby B41, B9, B82/B82-SBS bus service, plus access to the 2/5 trains at Flatbush Avenue-Brooklyn College and the B/Q trains at Kings Highway.
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Our Executive Mortgage Banker:
$848,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $678,400 | $678,400 | $678,400 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.069% | 6.110% | 5.932% |
| Monthly Tax Payment | $565 | $565 | $565 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,746 | $4,067 | $5,634 |
| Total Monthly Payment | $4,403 | $4,724 | $6,291 |
* 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.