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This three-family home, located in a quiet and desirable neighborhood, offers a unique opportunity with significant potential. The property includes the main residence and a detached garage with possible development options. The main home features three floors plus an unfinished basement. One-bedroom walk-in apartment, a three-bedroom duplex back apartment, and a two-bedroom second-floor apartment. The utility setup includes three gas meters, three electric meters, three hot water systems, and one shared heating system. The home is bright and well-maintained, with ample natural light throughout. The lot details include a 38. 4 x 67 house lot and a 25 x 114 garage lot on an irregular plot, with R3-1 zoning offering the potential space. Conveniently located near South Beach Library, schools, parks, and bridges, with easy access to the S53 bus and I-278 (Verrazano Bridge), this property is close to various shops, schools, and recreational areas, providing excellent flexibility and potential.
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Our Executive Mortgage Banker:
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$999,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
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 | $799,200 | $799,200 | $799,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.625% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.663% | 6.739% | 6.309% |
Monthly Tax Payment | $571 | $571 | $571 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,601 | $5,117 | $6,798 |
Total Monthly Payment | $5,264 | $5,780 | $7,461 |
* 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.