Do you pay more than $2,000/mo. in rent? If so, you can OWN this townhouse for less than your monthly rent payment! Sounds crazy? Well, it is, but it is true. We just lowered the price on this incredible townhouse in Bed Stuy, Brooklyn with private pool to $2.5m ($663/sf). Banks are now doing interest only loans again to qualified purchasers at a 80% LTV, meaning if you can put down $500k, you can finance the remainder. I recently got a quote for an IO product under 3%. At 2.75% with a 80%LTV, your monthly payment including real estate taxes is $4,972/mo. You can then rent out the ground floor unit for $3,000/mo. (townhouse is a legal two family), and live in the triplex above for less than $2k/month! Sorry for all the math, but it truly shows the value proposition here. Contact @jessicaxgomberg for showings. It will move at this new price.
663 Putnam Ave., Brooklyn