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Welcome to 224 East 55th Street, a spacious and well-maintained residence located in the heart of East Flatbush, one of Brooklyn’s most vibrant and growing neighborhoods. Offering approximately 2, 700 square feet of living space, this home presents a unique opportunity for buyers seeking generous room, flexibility, and convenience in a prime Brooklyn location. The home features a versatile layout with multiple bedrooms, a full bathroom, and expansive living areas designed to accommodate a variety of lifestyles. Whether you're looking for space for a home office, recreational areas, or additional storage, this property offers endless possibilities to customize the space to fit your needs. The lower level provides valuable bonus space that can be utilized as a recreation room, gym, media room, home office, or storage area, enhancing the home's overall functionality and appeal. Adding to its desirability is a private driveway, a highly sought-after feature in Brooklyn that provides the convenience of off-street parking and added accessibility. Situated on a residential block within the thriving East Flatbush community, residents enjoy close proximity to local shopping, restaurants, schools, parks, and everyday conveniences. Transportation is easily accessible via multiple bus routes, including the B46, B47, and B82 buses, as well as nearby 2 and 5 subway lines, providing convenient access throughout Brooklyn, Manhattan, and beyond. Property will be delivered FULLY VACANT, offering a seamless transition for its next owner. Whether you're searching for a spacious primary residence, a multigenerational living arrangement, or simply a home with room to grow, 224 East 55th Street offers exceptional space, convenience, and long-term value in a sought-after Brooklyn location. Don't miss this opportunity to own a remarkable single-family home in the heart of East Flatbush.
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:
$799,000
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 | $639,200 | $639,200 | $639,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.490% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.615% | 5.866% |
| Monthly Tax Payment | $356 | $356 | $356 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,828 | $4,036 | $5,265 |
| Total Monthly Payment | $4,276 | $4,484 | $5,713 |
* 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.