This mixed use property offers a promising investment opportunity. The first floor serves as a medical office, making it ideal for healthcare professionals seeking a conveniently located space. With the current market rent, the potential for leasing it to another medical practice or converting it for other commercial uses adds versatility. The second floor features a spacious three bedroom apartment, providing a comfortable living space. This apartment provides presents a steady income stream. The layout and design offer residents a cozy and functional environment, making it appealing to potential tenants. Located right on Jamaica Ave, the property benefits from excellent visibility and accessibility. The vibrant neighborhood provides access to various amenities, including shops, restaurants, and transportation options, enhancing the property's appeal., Additional information: vac_perc:50
121-15 Jamaica Avenue, New York, (Richmond Hill), NY, 11418
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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