567 Ocean Avenue, A-604

This lovely studio overlooking a tranquil courtyard would be the perfect investment opportunity. Similar units rented between $2,100 and $2,200 generating a 3.7% cap rate. The building also qualifies for the Banks HomeRun program. As a primary residence the borrower will receive as little as 3% down payment with no PMI on a conventional mortgage, about 1% off current rates and $7,500 closing cost credit.
There are no income restrictions for these benefits.

The modern kitchen is equipped with marble countertops and backsplashes, custom cabinets, and high-end stainless appliances. The spacious bathroom has heated floors, a custom floating oak vanity, a Toto toilet, and a deep soaking tub. There are W/D hookup in the unit as well as ample closet space and a deeded storage unit in the basement.

567 Ocean Avenue is a luxurious new development condominium offering a fitness center, a bicycle room, a 24-hour Carson virtual doorman system, a pet spa, a party room, a children’s playroom, a lounge, and a pair of furnished outdoor spaces that include a serene courtyard as well as a spacious rooftop deck with incredible neighborhood and Manhattan skyline views. A few blocks from Prospect Park and less than a 30-minute subway ride into Manhattan. Nearby subway lines include the B/Q/2/5.