Turn-Key Mixed-Use Property in this upcoming neighborhood of Cypress Hill, Brooklyn. This property consists in a store front of about 600 SQFT on the first floor, 3-bedroom apartment on the second floor and 2-1-bedroom apartments on the third floor. This property also includes 3 car attached garages and a full basement. Latest capital improvements are new roof, sprinkler system, new electrical wiring, and new plumbing through out the building, each apartment has its own Navien tankless water heater-wall mounted and new heating radiator. Pro-Forma NOI $137,000, CAP 6%
576 Ridgewood Avenue, Cypress Hills, NY, 11208
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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