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Located in the heart of Bushwick, 79 Eldert Street is a well-maintained property offering incredible flexibility for both homeowners and investors. Originally designed as a two-family home, it is currently configured as a spacious one-family residence but can easily be restored to its original setup. The first floor was originally a two-bedroom, two-bathroom layout, while the second floor was set up as a three-bedroom with a kitchen and dining area, which can be reinstated. Featuring railroad-style units with high ceilings throughout, including in the basement, this home offers ample space and potential. A newer all-in-one boiler with hot water ensures efficiency, while two electrical meters provide added flexibility. The property also boasts a beautiful backyard, perfect for relaxing or entertaining. With existing kitchen hookups on the second floor, converting this property back into a true two-family home is seamless, making it an excellent opportunity for those looking to maximize its potential. Delivered fully vacant at closing, this home presents a rare chance to own in one of Brooklyn’s most sought-after neighborhoods. House predates C/O built in 1925 and seller will not provide LNO.
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Our Executive Mortgage Banker:
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$999,000
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 | $799,200 | $799,200 | $799,200 |
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% | 6.764% | 6.309% |
Monthly Tax Payment | $266 | $266 | $266 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,601 | $5,117 | $6,798 |
Total Monthly Payment | $4,959 | $5,475 | $7,156 |
* 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.