|
UNBELIEVABLE LOW TAXES! This Prime Two-Family Investment Opportunity in East New York is priced to sell! Welcome to 1094 Blake Avenue — a spacious and versatile 20 ft wide two-family townhouse offering exceptional value for both investors and end-users alike. Built in 1899 and spanning 2, 000 square feet plus finished basement, this property features a classic Brooklyn layout with two residential units and strong income potential. The home is configured as a 3-bedroom unit over a 3-bedroom unit, complemented by a fully finished basement with private access, providing additional living space, storage, or potential for extended use. Each unit offers well-proportioned rooms, ample closet space, and functional layouts ideal for modern living. This property presents a rare opportunity to: Generate dual rental income, Live in one unit while renting the other. Accommodate multi-generational living. Add value through updates or repositioning. Located in the rapidly evolving East New York neighborhood, the property benefits from proximity to major transportation options, including nearby subway lines, making commuting throughout Brooklyn and into Manhattan convenient. The area continues to experience strong growth, increasing its appeal to both investors and homeowners. Additional highlights include: Classic brick construction, Two full residential units, Finished basement with separate access, Strong rental demand in the surrounding area, Close proximity to transit, shopping, and neighborhood amenities. Whether you’re looking for a cash-flowing investment, a house hack opportunity, or a long-term hold in a developing Brooklyn market, 1094 Blake Avenue delivers flexibility, scale, and upside.
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:
$899,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $719,200 | $719,200 | $719,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.235% | 6.058% |
| Monthly Tax Payment | $42 | $42 | $42 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,027 | $4,370 | $6,021 |
| Total Monthly Payment | $4,161 | $4,504 | $6,155 |
* 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.