Mix-Use Building that consist of two (2) commercial units on the ground floor with basement, four (4) one-bedroom units on the second floor; four (4) one-bedroom units on the third floor and two (2) two-bedroom two bath units on the fourth floor. The property is located in one of the best retail corridors in Queens. Close to public transportation options offers an exceptional convenience for the tenants. This new construction building will be delivered with the benefit of a 421-a tax abatement for the residential portion of the building as well as a ICAP abatement for the commercial portion. Tenants are responsible for their own heating costs, which reduces the expenses to a minimum. It also has a coin-operated laundry and storage lockers on site. This is a prime opportunity with extra revenue streams and great tax benefits for Astoria NY Investment Property. Featured Commercial Sales., Additional information: Building Size:22,155
25-34 Steinway Street, New York, (Astoria), NY, 11103
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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