Welcome to 235 Lexington Avenue - A Perfect Blend of Classic Charm and Modern Investment Opportunity
Nestled in the heart of the vibrant and highly sought-after Bed-Stuy neighborhood, this meticulously maintained 3-family brick home offers an exceptional investment opportunity or an ideal space for an owner-occupant seeking to generate rental income. With its timeless appeal, abundant natural light, and spacious layout, this property at 235 Lexington Avenue is a standout in the market.
Boasting three generously-sized units, this classic Brooklyn home is perfectly suited for a variety of living arrangements. Whether you're an investor looking to maximize your returns, or a savvy owner-occupant desiring the opportunity to live in one unit while renting out the others, this property is move-in ready and primed to start generating income from day one.
First Floor: The spacious 1-bed, 1-bath unit is a true gem, featuring a newly renovated open-concept living and kitchen area. With access to a private garden space, it offers a peaceful retreat right outside your door - perfect for gardening, outdoor dining, or relaxing in the sunshine.
Second Floor: This charming 2-bed, 1-bath unit offers a cozy yet comfortable living space, with a welcoming atmosphere, making it ideal for tenants looking for a well-appointed Brooklyn home.
Third Floor: The loft-style 2-bed, 1-bath unit is an entertainer's dream, with an open-concept living and kitchen area that maximizes space and natural light. High ceilings and large windows throughout create a bright, airy environment with exposed brick adding a touch of rustic Brooklyn charm.
Each unit boasts original details, including hardwood floors, exposed brick, and high ceilings - enhancing the character and warmth of this classic Brooklyn property. The entire home is bathed in natural light, making it feel bright and inviting throughout the day.
The building is move-in ready, with no updates necessary. Each unit is in excellent condition, allowing you to either settle in immediately or begin renting out the units right away. Whether you're an investor or looking for a live-in rental opportunity, this property provides endless possibilities.
Located on the border of Clinton Hill and Bedford-Stuyvesant, 235 Lexington Avenue offers the perfect balance of residential tranquility and urban convenience. With local shops, restaurants, cafes, and more just steps away, you'll enjoy easy access to everything this thriving Brooklyn neighborhood has to offer. For commuters, excellent transit options are nearby, making travel throughout Brooklyn and Manhattan a breeze.
Don't miss out on this rare opportunity to own a well-maintained 3-family home in one of Brooklyn's most desirable areas. Whether you're looking to invest or create your dream home with rental income potential, 235 Lexington Avenue is the perfect choice. Schedule a viewing today and see for yourself why this property is a must-see!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,795,000
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 | $1,436,000 | $1,436,000 | $1,436,000 |
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% | 6.751% | 6.309% |
Monthly Tax Payment | $363 | $363 | $363 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,266 | $9,195 | $12,215 |
Total Monthly Payment | $8,754 | $9,683 | $12,703 |
* 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.