Built in the 1850’s in the Greek Revival style, 44 Butler Street is a grand 25 ft wide brick townhouse with an enviable position in Cobble Hill on a sunny low-traffic block. This gorgeous home retains many historic details, including elegant marble fireplace mantles, tin ceilings, the original staircase, wide plank subfloors, and much more. Originally built as a single-family, 44 Butler Street is currently configured as a 3-family comprising a garden/parlor floor duplex with a cellar and vault, and two floor-through apartments above. It would be easy to adapt 44 Butler Street for use as a 1-family or 2-family townhouse. Zoning allows for the addition of over 800 additional square feet. Coming home to 44 Butler Street, you’ll ascend a wide stoop and enter into a spacious entry hall with wide plank floors, ceilings that soar close to 11-feet high and light that streams down from a large window on the staircase landing above. The garden/parlor floor duplex features a large parlor with two original black marble fireplaces and a sunny kitchen. The kitchen steps out to a large south-facing terrace perched over a deep and wide backyard. This tranquil oasis from the bustle of the city is a wonderful place to relax, entertain, and enjoy everyday life. The parlor floor includes a half bath nicely tucked off the staircase that leads to the garden level, where you’ll find three bedrooms, a large bathroom, and a spacious laundry room. In the back glass doors open to a private brick patio. Upstairs you’ll find two floor-through apartments which are in good condition and ready to be rented. Light streams in all day long thanks to the building’s north-south orientation. Instead of buildings across the street, there’s a playground which provides for stunning unobstructed views of Downtown Brooklyn and tremendous light. The south facing side also gets great light, given the generous depth of the block’s backyards and the low profile of the houses on Douglass Street. 44 Butler Street includes a fun historic feature rarely seen in New York City. Whereas some townhouses will include just a bit of storage space underneath the stoop, 44 Butler Street has steps that lead down to a sprawling approximately 25-foot long vault with a domed ceiling. While it’s impossible to know how various stewards of 44 Butler Street may have used this intriguing space over its 170 + year history, one could easily envision it today as a wine-cellar, workshop, rec room, speak-easy style entertainment area, and much more. 44 Butler Street is close to the renowned restaurants, boutiques, parks and other amenities that have made Cobble Hill, Boerum Hill, Carroll Gardens and Brooklyn Heights famous. Just around the corner on Court Street and Smith Street you’ll find an array of neighborhood favorites including a beloved independent bookstore called Books Are Magic, Poetica Coffee, Clover Club, Levant on Smith, Union Market, the Court Street Pastry Shop and much more. For a quick commute to Manhattan and the rest of the city, the F/G station is just a couple blocks away. The 2, 3, 4, 5, R, A, and C lines are also easily accessible, and the Pier 6 Ferry is nearby at Brooklyn Bridge Park. Bring your contractor and architect and make this historic Cobble Hill townhouse the backdrop for your next chapter in Brooklyn.
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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 | $3,400,000 | $3,400,000 | $3,400,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.625% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.712% | 6.764% | 6.435% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $19,841 | $21,771 | $29,152 |
Total Monthly Payment | $19,966 | $21,896 | $29,277 |
* 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.