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Welcome to 222 Patchen Avenue, a rare opportunity to transform a classic brick two-family townhouse into the home or investment you've always envisioned. Built in 1899 and situated on a beautiful tree-lined block in the heart of Bedford-Stuyvesant, this three-story residence with a full cellar offers exceptional scale, character, and endless potential. Being sold strictly as-is and delivered completely vacant at closing, this property is the perfect canvas for an end user looking to create a custom dream home or a developer seeking an outstanding value-add investment in one of Brooklyn's most desirable neighborhoods.
The home is currently configured as a spacious four-bedroom upper duplex featuring a living room, formal dining room, kitchen, and full bathroom. The lower duplex offers an open-concept layout that can easily accommodate a one- or two-bedroom configuration with a full bathroom, while the unfinished cellar provides ample space for storage, recreation, or future possibilities, subject to applicable approvals. With approximately 20 feet of frontage and a building depth of 45 feet, the property offers an excellent layout to reimagine and renovate according to your vision.
Situated on a 20-foot by 80-foot lot, the property provides additional outdoor space and further enhances its redevelopment potential. Whether you're looking to restore its original character, modernize the existing layout, or create a truly one-of-a-kind Brooklyn residence, this home offers the flexibility and foundation to bring your vision to life.
Perfectly positioned near neighborhood cafés, coffee shops, restaurants, boutique shopping, grocery stores, parks, and other everyday conveniences, the property also offers outstanding transportation options with nearby subway lines and bus routes providing convenient access throughout Brooklyn and into Manhattan. Families will appreciate the proximity to several well-regarded public and charter schools, making this an ideal location for both homeowners and investors alike.
Opportunities to acquire a 20-foot-wide brick two-family home delivered vacant at closing are becoming increasingly rare. Whether you're an end user seeking to create your dream home or a developer searching for your next successful project, 222 Patchen Avenue presents an exceptional opportunity in one of Brooklyn's most vibrant and steadily appreciating neighborhoods.
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.Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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Our Executive Mortgage Banker:
$1,350,000
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 | $1,080,000 | $1,080,000 | $1,080,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.069% | 6.110% | 5.932% |
| Monthly Tax Payment | $398 | $398 | $398 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,964 | $6,475 | $8,968 |
| Total Monthly Payment | $6,487 | $6,998 | $9,491 |
* 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.