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$2,303,000
List Price: $2,350,000
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509 Liberty Avenue
House in East New York •  building info
3bd • 2ba
Buy with Yoreevo

$2,303,000

List Price

$2,350,000

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James McGrath
(212) 365-0151 • 
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Key Details
Days on market
172
Last price change
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Estimated payment
$15,462
Taxes
Monthly maintenance
N/A
Description
A 25' wide two unit, two story corner mixed-use building. The first floor is a funeral home, which is built full. The second floor front unit is a two-bedroom apartment. The back unit is a one-bedroom apartment. The property is a prime development opportunity. A developer can build a seven story mixed-use building. The ground floor can be a store and above would be six floor through two-bedroom apartments. The units would get great sunlight, would have full kitchen and bathroom along with living and dining area. They would also be individually metered which their own heating and cooling systems. The apartments can be luxury rentals or condos. An investor can renovate the two free market apartments and charge market rents for them. They can rent the commercial space to a grocery store, beauty salon or laundry mate. A user can have a business on the ground floor and combine the two units above to create a three bedroom apartment. The building is located in an area that's under a lot of development and is one block from the J and Z trains on Fulton Street and Van Siclen Avenue.

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Important Stuff
Washer/Dryer in unit
History
What it'll cost
Purchase price
$2,350,000
Asking Price: $2,350,000
Term
30 Years
Down Payment
$235,000 (10%)
Min: 10% (235,000)
Rate
6.5 %
Mortgage Amount
$2,115,000
Mortgage Payment
$13,368
Taxes
$2,094
Estimated Yoreevo rebate
$47,000
Estimated closing cost
$86,000
Total monthly cost $15,462
Buy your dream home with us and get an estimated
$47,000 rebate.
Rebates vary by sale price, market and are subject to a minimum commission.
Listing Courtesy of Brown Harris Stevens

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