This investment opportunity sounds fantastic! A 9-family legal unit in Brooklyn, especially in a prime location, is likely to attract a lot of interest. The fact that most units are newly renovated, and the roof is only 3 years old, adds significant value. With 6 free-market units, there's potential for good rental income, and having reliable tenants who pay on time is a major plus. The additional features like the high-ceiling basement with separate entrance and parking spaces make it even more appealing. The proximity to restaurants, supermarkets, and public transport (N, R, W, D trains) enhances the convenience for tenants, which can result in lower vacancy rates.
842 43RD Street, New York, (Brooklyn), NY, 11232
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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