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Don't miss this once-in-a-generation opportunity to restore a stunning townhouse to its former glory or maximize ROI on a large corner lot. Located outside historic district regulations, this four-family building features architectural details, triple exposures, and a large parcel with a curb cut and parking in an exceptional location where Clinton Hill meets Prospect Heights. Bring your architect and vision and create your Brooklyn dream home or income-generating investment. 249 St. James Place is a handsome Italianate-style building with a brick and brownstone façade, arched windows, a classic high stoop, extensive ironwork and a handsome cornice. Inside, you'll find the original staircase's curved handrails and handsome newel post. Outside, the corner lot includes gardens on three sides, plus a legal curb cut and parking. Per records, the property also has some unused FAR – to be verified by your architect. Located on a tree-lined street at the corner of St. James Pl. and Lefferts Pl. in Brooklyn's coveted Clinton Hill neighborhood, this fine property enjoys a front-row seat to the best of Brooklyn living. Nearby BAM, Barclays Center and Atlantic Terminal provide world-class shopping and entertainment. Fort Greene Park and Prospect Park are within easy reach, delivering hundreds of acres of outdoor space, year-round greenmarkets and events, plus easy access to the Brooklyn Botanic Garden, Brooklyn Museum and Brooklyn Library. Brooklyn's vibrant dining and nightlife scene unfolds right outside your door. Transportation is effortless from this centrally located neighborhood with excellent bus service and A/C, G, and S trains all nearby. *Please note this is a Cash-Only opportunity that requires a gut renovation.
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Our Executive Mortgage Banker:
Our Insurance Division:
$3,200,000
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 |
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Loan Amount | $2,560,000 | $2,560,000 | $2,560,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.625% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.614% | 6.727% | 6.309% |
Monthly Tax Payment | $987 | $987 | $987 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $14,535 | $16,392 | $21,776 |
Total Monthly Payment | $15,647 | $17,504 | $22,888 |
* 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.