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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.
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Our Executive Mortgage Banker:
$1,299,000
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 | $1,039,200 | $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.