BACK ON THE MARKET! - NOW VACANT AND READY TO SELL! Welcome to 659 Jerome Street, a beautiful two-family attached red brick townhouse located in the desirable neighborhood of East New York in Brooklyn, NY. This property presents an incredible opportunity for those seeking to create their own dream home. While it does require renovation, the potential is boundless, allowing you to customize every detail to your exact specifications. This townhouse features two separate apartments, perfect for multi-generational living or rental income. Apartment #1, situated on the ground floor, offers two bedrooms and one bathroom, providing a comfortable living space spanning 920 square feet. Apartment #2, located on the second floor, boasts three bedrooms, one bathroom, and a balcony off the primary bedroom, offering a private oasis. In total, this townhouse offers 1, 840 square feet of living space. One of the standout features of this property is the semi-finished full-height, above-grade basement. Complete with gas stove hookups and a large half-bathroom, this space has the potential to be converted into a full one-bedroom, 920 square foot apartment (subject to obtaining necessary permits from the City of New York). The versatility of this basement allows for endless possibilities and expansion options. Step inside and be greeted by the open concept kitchens, dining rooms, and living rooms. The seamless flow between these spaces creates an inviting atmosphere, perfect for entertaining guests or enjoying quality time with loved ones. Hardwood floors throughout add a touch of elegance and warmth. Outside, you'll find a shared driveway with deeded parking spaces, ensuring convenience and ease of access. Additionally, a shared concrete backyard provides a tranquil space for relaxation and outdoor activities. Located in a well-manicured and up-and-coming neighborhood, this home offers close proximity to trains and buses, allowing for effortless commuting throughout the city. Enjoy the convenience of being near parks and recreational areas, including Highland Park and Shirley Chisholm State Park, where you can immerse yourself in nature and engage in various outdoor activities. The East New York neighborhood is known for its beautiful red brick houses and boasts a diverse culinary scene, featuring a wide array of Caribbean, Latin American, and soul food cuisines. Indulge in the flavors of the area and explore the vibrant local dining options. Don't miss out on this incredible opportunity to transform this townhouse into your dream home. Embrace the potential and create a space that truly reflects your personal style and taste. Schedule a showing today and let your imagination soar.
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NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $719,200 | $719,200 | $719,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.614% | 6.613% | 6.183% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,084 | $4,546 | $6,069 |
Total Monthly Payment | $4,176 | $4,638 | $6,161 |
* 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.