Prime development site in the heart of Flushing. This site is currently occupied by a three-story walk-up building with a full basement on the north side of Sanford Avenue boasts an existing 23-unit free-market residential building. The lot size is approximately 50 ft x 140 ft. The property is zoned R7-1. The property is located in the booming Flushing neighborhood, Easy access to transportation, with the 7 subway train and LIRR stations just a short stroll away via Roosevelt Avenue/Flushing Main Street LIRR/Murray Hill LIRR. Flushing is also home to some of the most diverse shopping and dining experiences in New York City. The approved development plans allow for a 9-story, 80 ft tall mixed-use building with 38 residential units, 1 community facility unit, and 11 parking spots. The site will deliver with the approved plan and can be developed at any time.
143-35 Sanford Avenue, New York, (Flushing), NY, 11355
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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