Welcome to 557 E Hudson Street! This spacious two-family (by C. O. ) home offers a flexible layout with 5 bedrooms, 2 full bathrooms, 2 kitchens, and low property taxes—perfect for any homeowner to live in, as rental income, or a smart investment or all of the above! Each floor has its private entrance. The first-floor unit features 3 bedrooms, a full bath, an eat-in kitchen, a comfortable living room, and plenty of closet space. Upstairs, the second unit includes 2 bedrooms, a full bath, kitchen, a living room, and a dining area. A detached 1-car garage with multi-car driveway adds extra convenience, and the backyard provides space to enjoy, while the exterior utility room with washer and dryer provides easy access for owner(s) and/or tenant(s) for added convenience. The home has a solid structure and livable space with plenty of room for updates, allowing the next owner(s) to bring their own vision to life. With similar homes in renovated condition selling for at-or-over $1, 000, 000, there’s plenty of opportunity here. Whether you’re looking for a place to call home and/or an investment with room to grow, this property is absolutely worth it!
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Our Executive Mortgage Banker:
Our Insurance Division:
$809,999
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 | $647,999 | $647,999 | $647,999 |
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 | $1,100 | $1,100 | $1,100 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,730 | $4,149 | $5,512 |
Total Monthly Payment | $4,922 | $5,341 | $6,704 |
* 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.