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Don't miss this opportunity to own a piece of Fort Greene's rich history at 430 Vanderbilt.
This meticulously maintained 1872 Brownstone boasts a stately 20' wide lot. The impeccably preserved stoop invites you into this spectacular property with many of the elegant, pre-war period details still intact including: marble fireplaces, ornate tin ceilings, wood trims and moldings - an homage to an era of elegance worthy of the Avenue's namesake.
In exceptional, renovated, turnkey condition, and with ample remaining air rights, 430 Vanderbilt is currently configured as a 4 unit dwelling, lending flexibility and advantage of both end users and investors alike.
For an owner occupier, one can dream big with the versatility the property affords. Utilize and restore all five floors to create a magnificent single-family trophy home or opt to create a blend of comfort and financial security by combining desirable floors into a gracious owner triplex with an expansive 1, 000 sqft backyard, and retain income generation apartments.
For savvy investor, maintaining the property's existing setup delivers an immediate and substantial returns with four free-market, full floor, high income rentals, complete with pre-war charms and renovated kitchens and bathrooms; a perfect a blend of classic pre-war charms and modern conveniences.
The potential to re-configure the different layout and usage to fit one's needs present endless possibilities with little requirement or a custom restoration. Most importantly, one reaps the benefits of an incredibly well cared for property including recently renovated fa ade, updated mechanicals, including a new boiler and a new roof. These updates will safeguard 430 Vanderbilt as a minimal to hassle-free ownership experience.
Nestled in the landmarked Historic District of Fort Greene, surrounded by other neighborhoods including Downtown Brooklyn, Prospect Heights and Clinton Hill, this magnificent Brownstone provides access to some of the most coveted shopping, fine dining, and nightlife in all of Brooklyn including the Vanderbilt business corridor, BAM and the Barclay' Center with transportation from the A, C, G Subways and Atlantic Terminal.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$3,500,000
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 | $2,800,000 | $2,800,000 | $2,800,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.500% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.663% | 6.637% | 6.309% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $16,118 | $17,698 | $23,818 |
Total Monthly Payment | $16,243 | $17,823 | $23,943 |
* 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.