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Exceptional opportunity to own a legal three-family triplex in the heart of East Flatbush. Offering approximately 2, 480 square feet of living space on an approximately 2, 000-square-foot lot, this well-maintained property was renovated in recent years and features heated hardwood flooring, modern kitchens, stainless steel appliances, and contemporary finishes throughout. Situated in an R6 zoning district, the property offers approximately 2, 380 square feet of additional buildable area according to public records, presenting potential expansion or redevelopment opportunities. Buyers are encouraged to independently verify zoning, buildable square footage, development potential, and all applicable governmental regulations and approvals. Whether you are seeking an owner-occupied residence with rental income or an income-producing investment property, this legal three-family offers flexibility and long-term value. Additional highlights include a two-car garage, shared alley access with additional parking available for resident owners, and alternate side street parking. Conveniently located just blocks from the 2, 3, 4, and 5 subway lines, the property also offers easy access to Prospect Park, the Brooklyn Botanic Garden, the Prospect Park Zoo, museums, restaurants, shopping, lounges, and neighborhood entertainment. Enjoy convenient access throughout Brooklyn and Manhattan while taking advantage of the many nearby parks, cultural attractions, and dining destinations. Some listing photographs have been virtually staged to illustrate the property’s potential. Furnishings, décor, and enhancements shown in those images are for visualization purposes only and may not reflect the current condition of the property.
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Our Executive Mortgage Banker:
$1,950,000
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 | $1,560,000 | $1,560,000 | $1,560,000 |
| 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% | 6.121% | 6.183% |
| Monthly Tax Payment | $652 | $652 | $652 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $8,858 | $9,353 | $13,164 |
| Total Monthly Payment | $9,635 | $10,130 | $13,941 |
* 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.