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Welcome to 563 Bradford Street, a solid three-family semi-detached brick property offering exceptional space, versatility, and long-term potential in the heart of East New York, Brooklyn. Featuring approximately 8 bedrooms and 3 full bathrooms, this income-producing property is ideal for investors or end-users seeking the opportunity to create value and customize to their own taste. The home boasts enclosed heated porch walk-out balcony, and a detached two-car garage, providing added convenience & outdoor enjoyment. Major mechanical improvements have already been addressed, including updated heating and hot water systems, solar panels, three electric meters and two gas meters. Additional upgrades include windows that are approximately 7-8 years old and a roof that is approximately 10 years old. While the property would benefit from updating and some TLC, it presents a tremendous opportunity to renovate and maximize its full potential. Conveniently situtated near numerous amenitites the property offers easy access to public transportation, including the A, C, J, and Z subway lines, as well as several bus routes, making commuting throughout Brooklyn, Queens, and Manhattan convenient. Residents will appreciate being close to shopping supermarkets, restaurants, pharmacies and everyday neccessities. The neighborhood is also surrounded by various houses of worship, local parks, and recreational facilities. Nearby green spaces include Highland Park, featuring walking trails, playgrounds, and sports facilities. will benefit from proximity to schools within NYC School District 19, including P. S. 13 Roberto Clemente, J. H. S. 292 Margaret S. Douglas, and Performing Arts & Technology High School (PATHS) Whether you're looking for a multi-generational home or an investment opportunity with strong upside potential, 563 Bradford Street offers the foundation, location, and flexibility to make your vision a reality.
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Our family of companies offer our clients a new level of full-service real estate. We shall:
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Our Executive Mortgage Banker:
$969,777
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 | $775,822 | $775,822 | $775,822 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.000% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.121% | 6.058% |
| Monthly Tax Payment | $442 | $442 | $442 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,344 | $4,651 | $6,495 |
| Total Monthly Payment | $4,878 | $5,185 | $7,029 |
* 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.