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$929,150
List Price: $945,000
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461 Milford Street
Townhouse in East New York •  building info
6bd • 5ba
Buy with Yoreevo

$929,150

List Price

$945,000

Key Details
Days on market
78
Last price change
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Estimated payment
$5,641/mo
Taxes
$404/mo
Maintenance
N/A
Description
Presenting an exceptional opportunity to acquire a turnkey investment or a primary residence with an income-generating rental in the thriving East New York neighborhood. This semi detached, legally zoned two-family home was completely rebuilt in 2019, showcasing intelligent layouts and high-quality finishes throughout. The second-floor unit is a bright and airy 3-bedroom, 2-bathroom apartment featuring high ceilings and a skylight. It is currently occupied by a reliable tenant on a month-to-month lease. The first-floor apartment offers a spacious 3-bedroom, 2-bathroom layout with a generous living room, high ceilings, and access to a finished basement as well as a large 30 x 22 feet private backyard.  The finished basement includes a full-sized windowed bathroom and direct access to the backyard, making it an ideal space for recreation, a home gym, or a home office. Each unit is equipped with separate boilers and water heaters, allowing for independent heating expenses. 461 Milford street is situated on a nice residential tree-lined street, provides convenient access to public transportation, including the A train at Euclid Avenue and the 2, 3, and 4 trains at New Lots Avenue. With both apartments yielding a 7% CAP rate, this property represents a solid turnkey investment. One of the apartments can be delivered vacant, offering the owner the flexibility to occupy it while receiving market rent from the other unit, covering approximately 80 percent of your monthly mortgage payments.

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Important Stuff
Pets allowed
Washer/Dryer in unit
Home features
Dishwasher
Hardwood floors
View

City, Garden

Building amenities
Services and facilities
Fios Available
Shared outdoor space
Courtyard
Garden
Building info

History
What it'll cost
Purchase price
$945,000
Asking Price: $945,000
Term
30 Years
Down Payment
$94,000 (10%)
Min: 10% (94,000)
Rate
6.25 %
Mortgage Amount
$850,500
Mortgage Payment
$5,237
Taxes
$404
Estimated Yoreevo rebate
$15,850
Estimated closing cost
$27,000
Total monthly cost $5,641
Buy your dream home with us and get an estimated $15,850 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of Brown Harris Stevens

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