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Rare investment opportunity in the heart of Park Slope! This prime mixed-use property is ideally situated on a heavily traveled corridor with exceptional foot and vehicle traffic, providing outstanding visibility for commercial use. Conveniently located near public transportation, shopping, schools, and neighborhood amenities, with immediate access to the Prospect Expressway. The property features a street-level retail space occupied by a well-established dry cleaning business with approximately 2. 5 years remaining on the current lease, offering immediate rental income. Above the commercial space are two residential apartments consisting of a spacious 6-room unit over a 5-room unit, both of which will be delivered vacant, providing excellent opportunities for owner occupancy or market-rate rentals. Additional features include a full basement with street access, three separate gas-fired boiler systems, separate hot water heaters, and individual utility meters. The property has been well maintained and is in good overall condition. An outstanding opportunity for investors, owner-users, or developers seeking a highly visible, income-producing asset in one of Brooklyn's most desirable neighborhoods.
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Our Executive Mortgage Banker:
$1,988,888
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 | $1,591,110 | $1,591,110 | $1,591,110 |
| 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% | 6.223% | 6.058% |
| Monthly Tax Payment | $793 | $793 | $793 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $8,910 | $9,668 | $13,319 |
| Total Monthly Payment | $9,828 | $10,586 | $14,237 |
* 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.