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This is East New York, Brooklyn, NY. This fully occupied six-unit apartment building offers an easy and dependable investment for buyers looking for steady rental income from the start. Each of the six one-bedroom apartments is leased to tenants, creating reliable cash flow with no need to find renters after closing. The property has been well cared for over the years, making ownership simple with maintained systems and little day-to-day hassle. Located in an R6 zoning district, this property also offers exciting future possibilities, including the potential to create an additional accessory dwelling unit (ADU) in the finished basement, adding even more income potential. One-bedroom apartments continue to be in strong demand, helping keep vacancy rates low and supporting long-term rental stability. Its convenient location for shopping, boutique shoppes, supermarkets, jobs, everyday services and Walking Distance to many hubs of the MTA subway line A, C, 2, 3, 4, 5, & L train & many busses. Residing here makes it attractive to tenants while providing investors with a property that combines immediate returns, easy management, and room for future growth. Let do numbers and see the worthiness of this investment today. More Pictures Coming Soon. . .
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Our Executive Mortgage Banker:
$818,888
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 | $655,110 | $655,110 | $655,110 |
| 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 | $884 | $884 | $884 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,720 | $3,928 | $5,528 |
| Total Monthly Payment | $4,696 | $4,904 | $6,504 |
* 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.