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Brooklyn (Ocean Hill), NY, 11213 | $999,999
Opportunity awaits at 192A Buffalo Avenue, Brooklyn, NY 11213. This historic single-family residence, originally built in 1899, offers the chance to own a piece of Brooklyn history in the vibrant neighborhood of Ocean Hill. Spanning two stories, the property provides a solid foundation for buyers looking to renovate, restore, or personalize a classic Brooklyn home.
Conveniently located with easy access to public transportation, neighborhood shopping, restaurants, parks, and local amenities, 192A Buffalo Avenue is well positioned for those seeking both convenience and long-term value. Whether you're an end user looking to create your dream home or an investor searching for your next project, this property presents an exceptional opportunity in one of Brooklyn's most dynamic communities.
Exceptional Development Opportunity – 192A Buffalo Avenue, Brooklyn, NY 11213
Positioned in the heart of Brooklyn's neighborhood, 192A Buffalo Avenue presents a compelling opportunity for developers, investors, and end users seeking to capitalize on one of the borough's most active real estate markets. Originally built in 1899, the property's greatest value lies in its potential as a redevelopment or repositioning opportunity.
The site offers buyers the opportunity to explore its zoning and development possibilities, making it an attractive candidate for those looking to maximize the property's highest and best use, subject to applicable zoning regulations and governmental approvals. Whether your vision is new residential construction, expansion, or a comprehensive redevelopment, this property provides a rare chance to unlock long-term value in a neighborhood experiencing continued investment and growth.
Ideally situated near public transportation, neighborhood retail, restaurants, schools, and major thoroughfares, 192A Buffalo Avenue combines a desirable location with strong investment fundamentals. Opportunities to acquire development-oriented properties in this established Brooklyn neighborhood are increasingly limited, making this an exceptional offering for buyers looking to invest in the area's future.
Features
- Town: Brooklyn
- Rooms: 5
- Bedrooms: 3
- Baths: 2 full
- Lot Size: 17.00 x 100.00
- Laundry: See Remarks
- Style: Prewar,Walk-Up
- Year Built: 1899
- Approx Sq. Feet: 1,440
- Lot Size: 17.00 x 100.00
- Est. Taxes: $2,857
- Pet Policy: Building Yes,Yes
- MLS#: RLS20101976
- Days on Market: 0 day
- Website: https://www.raveis.com
/prop/RLS20101976/192abuffaloavenue_brooklyn_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.Listing courtesy of Stephen P Wald Real Estate Associates Inc Phone: (212) 750-9253
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888.699.8876
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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!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Brooklyn (Ocean Hill), NY, 11213
$999,999
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
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $799,999 | $799,999 | $799,999 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.000% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.121% | 6.058% |
| Monthly Tax Payment | $238 | $238 | $238 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,480 | $4,796 | $6,697 |
| Total Monthly Payment | $4,810 | $5,126 | $7,027 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535