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A Rare Corner Investment & Luxury Living Opportunity in Bergen Beach! Welcome to 1204 E 72nd Street, Brooklyn, NY 11234—an exceptional fully renovated corner property currently set up as a four-family residence, offering the perfect blend of luxury, size, versatility, and income-producing potential. Set on an impressive 41. 5 ft. x 99. 25 ft. corner lot, this remarkable property encompasses approximately 4, 443. 62 square feet of beautifully renovated living space. Designed with both comfort and functionality in mind, the building features a total of 10 spacious bedrooms and 6 designer bathrooms, making it ideal for investors, owner-occupants, or multi-generational living. Every residence has been thoughtfully renovated with high-quality finishes, creating modern, turnkey living spaces that are ready for immediate occupancy. The fully finished basement adds valuable bonus space, perfect for recreation, storage, or additional living use. One of the property's standout features is its private driveway and garage, providing the convenience of off-street parking—an amenity that's increasingly rare in Brooklyn. As a true corner property, the home is flooded with natural light and enjoys enhanced privacy, generous frontage, and outstanding curb appeal. Whether you're looking to expand your investment portfolio, generate strong rental income, or live in one unit while benefiting from the income of the others, this property presents an extraordinary opportunity in one of Brooklyn's most desirable neighborhoods. Property Highlights Currently configured as a four-family property Massive 41. 5 ft. x 99. 25 ft. corner lot Approximately 4, 443. 62 sq. ft. of interior living space 10 generously sized bedrooms 6 beautifully renovated bathrooms Fully renovated and move-in ready Spacious finished basement Private driveway and attached garage Excellent opportunity for investors and owner-occupants alike Conveniently located near parks, shopping, restaurants, schools, and public transportation Properties offering this combination of size, condition, location, and income potential are exceptionally rare.
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Our Executive Mortgage Banker:
$1,799,000
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 | $1,439,200 | $1,439,200 | $1,439,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.361% | 6.183% |
| Monthly Tax Payment | $957 | $957 | $957 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $8,172 | $8,861 | $12,145 |
| Total Monthly Payment | $9,254 | $9,943 | $13,227 |
* 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.