909 Mother Gaston Boulevard, Brooklyn, NY, 11212 | $1,299,000

A well-located four-family in Brownsville, right on the East New York border, to be delivered vacant. It's a rare chance to set your own rents from day one or owner-occupy while three units help carry the building. The layout works hard. The first floor holds two units, a 2-bedroom/1-bath and a 1-bedroom/1-bath, while the second floor offers two more 2-bedroom/1-bath units. Downstairs, a full finished basement adds flexible bonus space for storage, a rec area, or your own use. This one is built for easy ownership. Every unit has its own gas and electric meter, plus a separate meter dedicated to the common area and basement, so tenants cover their own utilities and your management stays simple. Major systems are accounted for, with a boiler from 2018, a water heater about 3 years old, and a roof around 10 years young. Set on a 25x100 lot with a 22x80 building, you're moments from the New Lots Avenue station on the L train and everyday shopping and dining throughout the neighborhood. Whether you're an investor hunting steady cash flow or a buyer who wants rental income working for you, this four-family is ready for its next chapter.

Features

  • Bedrooms: 7
  • Baths: 4 full
  • Style: Quadruplex
  • Year Built: 1930
  • Heating: Natural Gas
  • Cooling: Wall/Window Unit(s)
  • Basement: Finished, Full
  • Acreage: 0.06
  • Est. Taxes: $9,871
  • Elem. School: Ps 184 Newport
  • Middle School: Brownsville Collaborative Middle
  • High School: Brooklyn Democracy Academy
  • School District: Community District 23
  • MLS#: 1020098
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /eprop/1020098/909mothergastonboulevard_brooklyn_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of Keller Williams Landmark II   Phone: 347-846-1200

William Raveis Family of Services

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Contact@raveis.com

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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

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!
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909 Mother Gaston Boulevard, Brooklyn, NY, 11212

$1,299,000

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 $1,039,200 $1,039,200 $1,039,200
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% 6.235% 6.058%
Monthly Tax Payment $823 $823 $823
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $5,819 $6,314 $8,699
Total Monthly Payment $6,767 $7,262 $9,647

* 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.