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Exceptional opportunity to own a spacious, income-producing two-family corner property in the heart of East New York. Situated on a 20' x 100' gated lot, this well-maintained home offers approximately 2, 500 square feet of interior living space thanks to a legal first-floor extension, along with private parking for two vehicles. The owner's duplex occupies the first floor and features an inviting open front porch, four generously sized bedrooms, two full bathrooms, an in-unit laundry area, and an expansive layout designed for comfortable everyday living and entertaining. The second-floor apartment has been tastefully renovated and offers two bedrooms and one full bathroom. Currently rented on a month-to-month basis for $1, 900 per month, it provides immediate rental income while offering flexibility for future occupancy or investment plans. The fully finished basement has its own private entrance and adds valuable bonus space with two recreation rooms, a full bathroom, and a separate boiler room—ideal for extended living, a home office, gym, or additional entertainment space. Additional highlights include gas hot water heating, a main roof approximately seven years old, a newer roof over the first-floor extension completed just three years ago, and a secure gated exterior with off-street parking. Conveniently located near shopping, neighborhood restaurants, parks, schools, and public transportation, including nearby subway and bus lines, the property offers easy access throughout Brooklyn and into Manhattan. The surrounding neighborhood continues to benefit from ongoing residential investment while maintaining the convenience and accessibility that make Brooklyn living so desirable. Whether you're looking for a spacious primary residence with rental income or a strong investment opportunity, this versatile property is one you won't want to miss.
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Our Executive Mortgage Banker:
$999,900
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 | $799,920 | $799,920 | $799,920 |
| 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% | 6.133% | 6.183% |
| Monthly Tax Payment | $213 | $213 | $213 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,542 | $4,796 | $6,750 |
| Total Monthly Payment | $4,846 | $5,100 | $7,054 |
* 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.