Located at the high-visibility intersection of Cypress Ave and Hancock St., this mixed-use property offers an exceptional investment opportunity in one of Queens’ most thriving neighborhoods. The 1,632 SF building consists of one retail space and one residential unit. Positioned in a high-foot-traffic area, businesses benefit from maximum exposure and visibility. Additionally, it is conveniently located within walking distance of several subway stations serving the M and L lines, ensuring easy accessibility. With strong investment potential, excellent transportation access, and a prime location, this corner property is a rare opportunity to secure a high-demand asset in a flourishing retail district.
883 Cypress Avenue, New York, (Ridgewood), NY, 11385
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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