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Beautiful Brick 2-Family Home in Cypress Hills / East New York Welcome to this spacious and well-maintained brick 2-family home located in the desirable Cypress Hills section of East New York. Offering exceptional curb appeal, generous living space, and income-producing potential, this property is ideal for homeowners and investors alike. Featuring a total of 9 bedrooms, 3 kitchens, and 3 full bathrooms, this versatile property provides ample room for a growing family while generating rental income. The home is in good overall condition and requires only minimal cosmetic updates. The major systems have been well maintained, and the roof and windows are in good condition, making this an excellent move-in-ready opportunity with tremendous upside. Property Features Finished Basement with Separate Entrance . Private front entrance . 2 bedrooms . Living room . Kitchen . Full bathroom Multiple windows providing natural light . Rear access to the backyard . Boiler and hot water heater in excellent condition First Floor . 3 spacious bedrooms . 1 full bathroom . Large living and dining areas . Eat-in kitchen . Hardwood floors throughout . Tiled kitchen and bathroom . Abundant natural light Second Floor . 4 bedrooms . 1 full bathroom . Living room . Eat-in kitchen . Hardwood floors throughout . Tiled kitchen and bathroom . Bright and airy layout Additional Highlights . Solid brick construction . Roof in good condition . Windows in good condition . Excellent income-producing potential . Ideal for owner-occupants, investors, or multi-generational living . Spacious backyard . Convenient access to transportation, shopping, schools, parks, and major roadways This property presents an outstanding opportunity to own a spacious multi-family home in a growing Brooklyn neighborhood. Priced to sell! Don’t miss your chance to secure this beautiful property with strong rental income potential and plenty of room to grow.
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Our Executive Mortgage Banker:
$999,999
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 | $799,999 | $799,999 | $799,999 |
| 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 | $480 | $480 | $480 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,418 | $4,796 | $6,643 |
| Total Monthly Payment | $4,990 | $5,368 | $7,215 |
* 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.