ATTENTION SAVVY HOME BUYERS, Honest Question: why would you spend A HUGE amount of money each month on a mortgage buying a condo or a 1-2 family home, or even renting? When you can live in a custom built one or two bedroom apartment with a stunning garden or rooftop terrace for less than the price of a studio rental. Why would you pay your own mortgage when you can have others do that for you. 1L VACANT - 1 Bed with Home Office | Needs Reno | Market Rent $3600 1R RENTED - Studio - Renovated - $1,758.54 2L RENTED - 1 Bedroom floor through Rent $812.76 2R RENTED - 2 bed 2 bath - Renovated - $4357 3L VACANT - 1 bed with - |Needs Reno - $3400 3R RENTED - 1 bed Floor through Rent - $855.91 Total $14,782 per month - $177,384 Annual This extremely rare unique opportunity allows home buyers to own an entire building, with the option to occupy one or both available units and receive all rental income from the remaining 5 units which covers their entire mortgage. Income per month from 5 units will be $11,630 per month. Mortgage payments with 30% down 6.75% will be $11,756 per month. Buyers can also do 25% down with 6.875% rate, the monthly principal & interest payment would be $12,742.42 per month. Since the rental income cancels out the entire mortgage, all you will be required to pay is the buildings running expenses which is only $22,378.00 a year or $1,864 per month. Yes you read it right. Your total monthly outgoing to own an entire building is less than the price of a studio rental anywhere in Brooklyn or Manhattan. NOTE: You can refinance in 2025/26 for approximately 4.5% which will give you a new monthly mortgage payment of $8,867. Completely covering any and all expenses each month and then some. You will be living in a fully renovated building in Green Point for FREE. Crazy right! We have extremely reliable, trustworthy, licensed contractors who have already successfully completed work in the building all signed off by DOB by fully renovating 1R and 2R. You can see these images online and in person. The property comes complete the approved architectural plans for 1L and 3L. Renovation Pricing: Confirmed cost to renovate 1L will be $115,000. This will be exquisite full floor 1 bed with Home Office. 10 foot ceilings, washer dryer, brick wall finish open island kitchen, east and western exposures views & beautiful garden. Confirmed cost to renovate 3L is $100,000 this will be a full floor luxury 1 bed with Home Office apartment with beautiful skylights, open island kitchen, washer dryer, east and western exposures views and private roof access. Come see the newly fully renovated units 1R and 2R so you can see what your new home will look like. WHAT DO YOU NEED? $1M cash on hand. This will cover ALL the down payment, Renovation and closing costs. So have your parents get on board OR Take your money from your stocks and investments and put it to real use. Your mortgage will be fully paid off and you didn't pay a penny. It's not rocket science. It's just smart logical thinking. We will be here every step of the way to help and guide even novice buyers. This a not a transaction for us this a lifelong relationship grown from opportunistic investments opportunities The property: This expansive and meticulously maintained multi-family property, nestled in the heart of Green point, offers an exceptional opportunity for those seeking both luxury living and an astute investment. With a rich tapestry of historical charm and contemporary amenities, this magnificent multi-family residence promises a lifestyle beyond compare. Comprising six units, this property includes a stunning 2-bed, 2-bath duplex with modern conveniences like a washer-dryer and dishwasher, along with access to a beautiful garden. Additionally, there's a sun-drenched studio and four generous floor-through one-bedroom units. Building has just had a new façade, new common area and new floors installed.
Date Added: 12/07/2023 |
Last Updated: 12/25/2023 |
Page Views: 58
773A Monroe Street was originally built in 1899. This brownstone has recently undergone meticulous renovations that blend historical allure and contemporary elegance with impeccable attention to detail, preserving its legacy.
**115 Mercer Street Duplex Penthouse: Sunlit Elegance in Historic SoHo. Чотири приватні, територіальні території, що займають понад 2,500 Exterior Square Feet. З метикулярно приземленими територіями, що йдуть від будь-якого простору і несподіваної центральної skylight, ця територія промиває фонтани сонця за днем і невдалий танець з зірками вночі.
Lovely newly renovated 2-family home on a 4275 sqft corner lot in an excellent area of Bayside. building size 26x46,Featuring 6 bedrooms, 2.5 bathrooms. Basement is full, finished, with separate entrance and has family room, laundry/boiler room, half bathroom, and plenty of space and closets throughout. 1st and 2nd floor each has 3 bedrooms, living room, dining room, kitchen, full bathroom. Includes private driveway and backyard. Close to shops, restaurants, schools, A block from Q31 bus stop.12 min walk to LIRR - Bayside. Close to Raymond O'Connor Park and Crocheron Park.
Прекрасно нововідновлений 2-family home на 4275 sqft corner lot в excelent area of Bayside. building size 26x46,Featuring 6 bedrooms, 2.5 bathrooms. Basement є повним, завершеним, з окремою освітою і має сімейну особу, лабораторію/бойлера, ванну кімнату, і цілий простір і closets через. 1st and 2nd floor each has 3 bedrooms, living room, dining room, kitchen, full bathroom. Includes private driveway and backyard. Close to shops, restaurants, schools, A block from Q31 bus stop.12 min walk to LIRR - Bayside. Close to Raymond O'Connor Park та Crocheron Park.
*Rare opportunity to own a brick 2 family in a prime Astoria location!* This homes central location makes it a commuters dream, as its just two short blocks away from the N/W subway line which is a 15 minute ride to Midtown, and it has easy access to both the RFK Bridge and the Grand Central makes heading to Eastern Long Island or Manhattan a breeze by car. Currently this home is set up with 2 ready to rent mint one bedrooms, a recreational space ground level and a full basement, making it suitable for an investor buyer. *(Please note the first floor and second floor have separate entrances. First floor is accessed from a door under the stairs, and second floor from the porch.)*
