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Situated on one of the most unique and quiet blocks in Brooklyn, 19 Clifford Place is a rare eight-unit multifamily opportunity in the heart of Greenpoint, right at the border of Williamsburg. Built in 1930 and spanning approximately 7, 000 square feet, this four-story masonry building offers strong underlying fundamentals, generous proportions, and exceptional long-term upside in one of Brooklyn’s most vibrant and sought-after neighborhoods. Configured with eight residential units totaling 16 bedrooms and 9 bathrooms, the property features beautifully proportioned, sun-filled apartments with an average unit size of approximately 875 square feet. The 25-foot-wide building extends 70 feet deep on a 25 x 100-foot lot and is complemented by an expansive approximately 30 x 25-foot rear yard — a welcoming amenity for multifamily properties in the area. 19 Clifford Place benefits from an unbeatable location just one block from Franklin Street, three blocks from Manhattan Avenue, and moments from the Greenpoint and Williamsburg waterfronts. Residents enjoy immediate access to some of Brooklyn’s best dining, shopping, nightlife, and cultural destinations, along with convenient transportation via the G and L subway lines. A compelling income-producing asset with classic Brooklyn character, substantial scale, and “strong bones, ” 19 Clifford Place presents a unique opportunity to acquire a premier multifamily property in one of New York City’s most dynamic neighborhoods. • Eight-unit multifamily property in Greenpoint • Built in 1930 • Four stories | 16 bedrooms | 9 bathrooms • Approximately 7, 000 SF of residential space • 25’ x 70’ building on a 25’ x 100’ lot • Average unit size approximately 875 SF • Masonry construction with strong underlying structure • Bright, well-proportioned income-producing residences • Expansive approximately 30’ x 25’ rear yard • One block from Franklin Street • Three blocks from Manhattan Avenue • Convenient access to the G and L subway lines • Prime location at the border of Greenpoint and Williamsburg
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.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.
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Our Executive Mortgage Banker:
$3,950,000
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 | $3,160,000 | $3,160,000 | $3,160,000 |
| 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% | 6.121% | 6.183% |
| Monthly Tax Payment | $1,529 | $1,529 | $1,529 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $17,942 | $18,946 | $26,666 |
| Total Monthly Payment | $19,596 | $20,600 | $28,320 |
* 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.