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Being Sold in AS-IS condition and vacant at closing.
188 Mac Donough Street, built in 1899, is a regal brownstone gem waiting to be polished to perfection! Fantastic opportunity to let your creativity loose in this charming 4-four story, 20’ wide townhouse and design what could be your dream home! The home can be as elegant inside as the tree-lined block, which boasts majestic brownstones with original facades that have stood the test of time. This block was voted most beautiful numerous times and received accolades for maintaining immaculate and well-manicured tree beds and flower gardens. This property boasts original details including wainscoting, five decorative fireplace mantels that can be restored to a wood-burning fireplace, original shutters, ornate walls and center mouldings, built-ins, and a cellar! The home features north and south exposures for sun-filled rooms and a front bedroom that spans the width of the building with an arch niche. Currently considered a legal 3-family (C0) that benefits from being part of a zoned lot so the potential to be a 1, 2, or 3 family! Can be re-configured as a triplex over simplex, double duplex, duplex with (2) simplex apartments, or a fabulous 1-family boasting 3, 360 square feet of space to do with as you desire! This home is awaiting your personal touch to create a new chapter in life. You can restore it to its original splendor or blend 19th-century architecture with 21st-century modern conveniences and design a new dream home. The property is being sold as-is.
Come to beautiful Stuyvesant Heights/Bedford Stuyvesant and experience the best of old-world charm in this vibrant and happening neighborhood, home to wonderful eateries and hot spots like Peaches, Chez Oskar, Bed-Vyne, Saraghina, Mama Fox, Eugene & Company just to name a few. Within a few blocks of transportation (A, C, LIRR) and a park! Contact me for more information. Annual taxes approx. $5, 600/ annually.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,000,000
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 |
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Loan Amount | $1,600,000 | $1,600,000 | $1,600,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.750% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.663% | 6.865% | 6.309% |
Monthly Tax Payment | $467 | $467 | $467 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,211 | $10,378 | $13,610 |
Total Monthly Payment | $9,803 | $10,970 | $14,202 |
* 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.