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Welcome to 294 Hemlock Street, a classic Brooklyn row house located in the heart of Cypress Hills that offers an exceptional multi-family layout perfect for both investors and homebuyers looking for an income-generating property. This attached home features a versatile multi-level configuration across two full floors of living space, a sprawling finished basement, and a private, tree-shaded backyard oasis that is rare to find in the city. The first floor opens into a welcoming entry hall that flows directly into a massive living room centered around an ornamental fireplace and bright front windows. An elegant wide archway leads you into the formal dining area, which sits adjacent to a beautifully modernized galley kitchen. This renovated cooking space comes fully equipped with sleek white shaker cabinetry, bright quartz countertops, a classic subway tile backsplash, and stainless steel appliances. Off the kitchen, a dedicated laundry room provides the ultimate city convenience with a side-by-side washer and dryer. The rear of the first floor houses two comfortable bedrooms and a full bathroom with a soaking tub, along with direct access out to the garden. Upstairs, the second floor functions beautifully as its own independent living unit or an expansive bedroom level. It features a secondary kitchen, a central full bathroom, and three separate bedrooms. The primary front bedroom spans a generous footprint with a triple-window alcove, while the rear bedroom offers a quiet retreat overlooking the backyard. A third, cozier bedroom on this level serves as the perfect home office or nursery. Downstairs, the incredibly spacious basement level adds massive value to the property, offering two large recreational rooms, a central kitchenette and wet bar area, a dedicated utility room, and a convenient half bath. With its separate front and rear accessibility, this lower level is ideal for extended guest quarters, a home gym, or workshop space. Situated on a residential street in Cypress Hills, this home places you moments away from the lush green trails of Highland Park and the Ridgewood Reservoir. Commuting into Manhattan or Downtown Brooklyn is incredibly simple, with the J and Z subway lines accessible just blocks away at the Crescent Street and Norwood Avenue stations. Whether you want to configure this property as a high-yield rental investment or a spacious multi-generational home, 294 Hemlock Street is a remarkable opportunity to own a piece of Brooklyn real estate.
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Our Executive Mortgage Banker:
$909,000
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 | $727,200 | $727,200 | $727,200 |
| 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% | 6.212% | 6.058% |
| Monthly Tax Payment | $454 | $454 | $454 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,072 | $4,419 | $6,088 |
| Total Monthly Payment | $4,618 | $4,965 | $6,634 |
* 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.