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A rare opportunity to own a modern, oversized 3-family brick building in the heart of Sheepshead Bay, originally built in 2005 as condominiums. Spanning approximately 4, 500 square feet, this corner property offers two street exposures, parking for 7 vehicles, and thoughtfully designed layouts unlike anything else on the market. The building consists of two expansive 3-bedroom, 2-bathroom units and a 1-bedroom, 1-bathroom unit on the ground floor — all featuring central heating and cooling, large open layouts, and abundant natural light. Each unit enjoys private outdoor space, including a designated roof deck with skyline views, additional private storage in the basement, and multiple private balconies. The finished basement was previously configured as a duplex with the first-floor unit and can easily be reconnected to create a spacious owner’s duplex or a premium rental. A full-size elevator services all floors, enhancing accessibility and convenience for residents. Each unit is separately metered for gas and electric, and the building is currently tenant-occupied but can be delivered fully vacant at closing — ideal for investors, end-users, or condo conversion. This is a unique, income-producing asset with condo-quality construction, unbeatable parking, and luxurious private amenities — all in one of Brooklyn’s most desirable neighborhoods.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,499,999
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 | $1,999,999 | $1,999,999 | $1,999,999 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.875% | 6.750% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.761% | 6.865% | 6.560% |
Monthly Tax Payment | $1,209 | $1,209 | $1,209 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $11,831 | $12,972 | $17,285 |
Total Monthly Payment | $13,164 | $14,305 | $18,618 |
* 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.