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217 & 219 Devoe Street – Williamsburg Development Site or Custom Dream Home Opportunity Incredible opportunity to purchase two adjacent lots—217 and 219 Devoe Street—in prime Williamsburg, being sold together as a single development site. With up to approximately 12, 000 buildable square feet, this site is ideal for a condo development, luxury rental project, or a custom-designed mini mansion. Located on a quiet, tree-lined residential block, the site is just minutes from the Graham Avenue L train, offering quick access to Manhattan. Enjoy all that Williamsburg has to offer—trendy restaurants, cafes, boutique shopping, parks, and nightlife—just steps/short distance from your front door. Key Features: 2 Combined lots (total 50x100) offering approx. 12, 000 buildable SF Zoned for residential development (R6B, R7A) Ideal for condo, rental, or single-family mansion Quiet, residential street in the heart of Williamsburg Close to Graham Ave L train, buses & CitiBike Surrounded by top-rated dining, shopping & amenities Whether you're a developer looking for your next project or a homeowner with a bold vision, 217 & 219 Devoe Street deliver unbeatable potential in one of Brooklyn’s most exciting neighborhoods.
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Our Executive Mortgage Banker:
Our Insurance Division:
$4,500,000
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 | $3,600,000 | $3,600,000 | $3,600,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.625% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.614% | 6.739% | 6.183% |
Monthly Tax Payment | $434 | $434 | $434 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $20,440 | $23,051 | $30,379 |
Total Monthly Payment | $20,999 | $23,610 | $30,938 |
* 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.