Brooklyn (Sheepshead Bay), NY, 11223 | $1,600,000

This well maintained legal three-family Brooklyn residence offers exceptional versatility, generous space, and multiple private entrances, making it ideal for both end-users and investors.

The First Floor welcomes you with an oversized, sun-filled living room featuring dual exposures to the north and west, beautiful wood floors, and classic crown moldings.
A windowed kitchen with western exposure flows into a dining area complete with a deep storage closet. Two spacious bedrooms enjoy southern exposure, and a well-appointed bathroom with a western-facing window completes the level.

Lower Level A separate side entrance and stairway lead to the expansive lower level, offering a flexible layout that includes a windowed recreation room, holiday kitchen, and a dedicated laundry room equipped with an LG washer and dryer. With southern and western exposures, ample closet space, and direct access to the backyard, this level provides excellent additional living or entertaining space.

The property also features a shared driveway leading to a two-car garage, accommodating either two small vehicles or one large, secured by a metal gate.

The Second Floor features its own private entrance and a wood staircase illuminated by a large skylight, leading to two well-designed apartments.

The first unit offers a windowed kitchen, interior living area, two bedrooms, and a windowed bathroom. The primary bedroom features bamboo wood flooring, a Mitsubishi split system for cooling, radiator heat, ceiling fan, and closet. A second bedroom includes wood floors, a window air conditioner, ceiling fan, closet, and southern exposure.

The second unit showcases a north-facing windowed eat-in kitchen with tiled backsplash, stainless steel appliances, and tiled flooring. This lovely sunlit unit is finished with sleek bamboo flooring throughout, a spacious bedroom with three large north-facing windows that can easily accommodate a queen or king-sized bed, and a ceiling fan. A bright, windowed living room with a Mitsubishi split system and a windowed bathroom complete the space.

With two separate front entryways, a shared driveway, and a flexible multi-unit layout, this property presents a rare opportunity to own a well-appointed, income-generating home in a vibrant residential area of Brooklyn.

Features

  • Town: Brooklyn
  • Levels: 2
  • Rooms: 14
  • Bedrooms: 5
  • Baths: 4 full
  • Lot Size: 24.00 x 100.00
  • Laundry: Common Area
  • Year Built: 1930
  • Approx Sq. Feet: 2,320
  • Est. Taxes: $9,518
  • Pet Policy: Building Yes,Yes
  • MLS#: RLS20099013
  • Days on Market: 6 days
  • Website: https://www.raveis.com
    /prop/RLS20099013/90lancasteravenue_brooklyn_ny?source=qrflyer
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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.
Listing courtesy of Weichert Properties   Phone: (212) 334-3011

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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@raveis.com

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Brooklyn (Sheepshead Bay), NY, 11223

$1,600,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

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 $1,280,000 $1,280,000 $1,280,000
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% 6.086% 6.183%
Monthly Tax Payment $793 $793 $793
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $7,268 $7,674 $10,801
Total Monthly Payment $8,186 $8,592 $11,719

* 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.