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$1,375,683
List price: $1,399,000
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4812 Third Avenue
Townhouse in Sunset Park •  building info
5bd • 3ba • 3,094 ft² $452 per ft²
List price

$1,399,000

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Key Details
Days on market
232
Last price change
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Estimated payment
$7,944
Taxes
$395
Monthly maintenance
N/A
Description
Live Auction! Bidding to start from $ 990,000.00! Live Auction Thursday, July 15, 2021, at 3:00 pm EDT. No Buyer Premium. Due Diligence Package Available. Download at https://liveauction.link/4812Brooklyn. All offers encouraged. Submit offer to stop auction -- loan or cash. Easy process to register to bid. Online bidding and streaming available. Come and be part of the booming Sunset Park real estate market with this investor's delight at 4812 3rd Avenue! This brick two-family over a store currently measures 18.75'X55' over three stories for a total of 3,094 SF plus a full basement. It is zoned M1-2D (allowing residential use) and has previously approved plans to extend the first floor to the back of the 100' lot for use as a performing arts studio with a parking space, as well as a bulkhead addition on the roof to allow residents to enjoy the incredible views of downtown Manhattan and the Statue of Liberty. The approved plans can be provided upon request and result in a net above-grade square footage of 3,731 SF and 4,774 SF including the basement. There are numerous possibilities here ranging from residential renovation with parking for an end-user, to an investor completing the first floor expansion and leasing it for solid rate of return (in an Opportunity Zone), to a developer building commercial, residential, or even utilizing the 4.8 community facility FAR (up to 9,000 BSF). Feel free to reach out with any questions. Co-brokers encouraged at 2.5%.

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Important Stuff
Pets allowed
Amenities
LISTING AMENITIES
  • Garden
  • Terrace
  • City View
History
What it'll cost
Purchase price
$1,399,000
Asking Price: $1,399,000
Term
30 Years
Down Payment
$139,000 (10%)
Min: 10% (139,000)
Rate
6.0 %
Mortgage Amount
$1,259,100
Mortgage Payment
$7,549
Taxes
$395
Estimated Yoreevo rebate
Estimated closing cost
Total monthly cost $7,944
Buy your dream home with us and get an estimated
$23,317 rebate.
Rebates vary by sale price, market and are subject to a minimum commission.
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