Introducing 335 21st Street, a prime multi-family property offering exceptional income potential with a high rent roll and a solid 6% cap rate. This income-producing asset features a rear duplex, maximizing rental opportunities on a generous 25×100 lot. With 2,204 sq ft of unused FAR, there’s significant value-add potential, making it perfect for future condo development or expansion. Situated in a rapidly growing area, this property benefits from low taxes, enhancing overall returns. The high cap rate, combined with value-add opportunities, ensures strong cash flow both now and in the future. Don’t miss this rare investment with tremendous upside and development possibilities!
335 21st Street, Brooklyn, (South Slope), NY, 11215
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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