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2042 Gerritsen Avenue, Brooklyn, NY, 11229 | $1,128,000
Potential 3-bedroom, 2-bathroom semi-detached home, currently configured as a 2-bedroom, being sold together with the adjacent vacant lot, creating a combined lot area of approximately 4, 716 sq ft. Located on the border of Sheepshead Bay, Marine Park, and Madison, this rare South Brooklyn package offers space, parking, flexibility, and long-term upside. The home sits on a 16. 33 x 100 lot and features approximately 1, 672 sq ft of living space, 2 full bathrooms, a built-in garage, private driveway parking, and room for additional cars. The existing layout offers strong potential for a 3-bedroom configuration, subject to buyer verification with a contractor, architect, and all applicable approvals. The home is mostly in good condition with some TLC needed. The adjacent vacant lot is approximately 3, 083 sq ft and adds major value for outdoor space, additional parking, expansion possibilities, or future development potential. R4 zoning with approximately 2, 312 sq ft of additional buildable floor area indicated. Buyer must independently verify zoning, buildable square footage, lot dimensions, development potential, legal use, permits, and conversion feasibility.
Features
- Rooms: 7
- Bedrooms: 2
- Baths: 2 full
- Style: Other
- Year Built: 1950
- Garage: 1-car
- Heating: Natural Gas, Other
- Cooling: Wall/Window Unit(s)
- Basement: Finished, Full
- Approx Sq. Feet: 1,672
- Acreage: 0.04
- Est. Taxes: $7,771
- Elem. School: Contact Agent
- High School: Contact Agent
- School District: Contact Agent
- Appliances: Dishwasher, Other, Refrigerator, Stainless Steel Appliance(s)
- MLS#: 1016878
- Days on Market: 6 days
- Website: https://www.raveis.com
/eprop/1016878/2042gerritsenavenue_brooklyn_ny?source=qrflyer
William Raveis Family of Services
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Customer Service
888.699.8876
Contact@raveis.com
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- Market your home to realize a quick sale at the best possible price
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To learn more about our credentials, visit raveis.com today.
Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 81725
203.980.8025
Frank.Kolb@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
2042 Gerritsen Avenue, Brooklyn, NY, 11229
$1,128,000
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 | $902,400 | $902,400 | $902,400 |
| 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 | $648 | $648 | $648 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,124 | $5,410 | $7,615 |
| Total Monthly Payment | $5,897 | $6,183 | $8,388 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535