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Frame 2 Family Home for Sale in Prime Williamsburg Location! A rare opportunity to own a 2 family frame house in the heart of Williamsburg! Only 5 short blocks to Graham Ave L train station, 0. 5 miles to McCarren park and McGolrick Park, 0. 3 miles to Cooper Park. Close to stores, shops, restaurants, bars, juice bars and much more. Situated on a 20 ft x 100 ft lot, this property offers incredible potential for homeowners, investors, or developers. Property needs TLC. Come and build your dream home! Property Highlights: 2 floors plus a basement Total Living Space (Excluding Basement): 1, 360 sq. ft. Terrace at the back of the building 1st floor: 1 Bedroom, Eat-In Kitchen, Living Room, 1 Full Bathroom 2nd floor: 2 Bedrooms, Eat-In Kitchen, Living Room, 1 Full Bathroom, Terrace Lower Level: Half Bathroom, Storage, Boiler Room Oil heating Large Backyard Expansion Potential: With 2, 640 sq. ft. of unused FAR, you have the option to expand or build an extension. Delivered Vacant. Ready blank canvas to create your ideal home or investment. With very few two-family properties available in Williamsburg, this is an exceptional opportunity to secure a prime piece of real estate. Building: 20 x 38 ft Lot: 20 x 100 ft Zoning: R6B FAR: 0. 68; Max FAR: 2 Taxes: $4, 318/Yr Don't Miss this Opportunity! *Disclaimer: All Information provided is deemed reliable but is not guaranteed and should be independently verified.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,950,000
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 | $1,560,000 | $1,560,000 | $1,560,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.875% | 6.625% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.761% | 6.764% | 6.560% |
Monthly Tax Payment | $360 | $360 | $360 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,228 | $9,989 | $13,482 |
Total Monthly Payment | $9,713 | $10,474 | $13,967 |
* 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.