Located on a prime retail block on a major avenue, this massive mixed-use building offers a unique investment and possible development opportunity.
A separate entrance leads you to the second floor, where you’ll find a well-appointed three-bedroom, one-bath residential apartment featuring a door that provides access to part of the roof of the commercial space, making it an ideal spot for a private patio. Inside, the apartment boasts a stainless-steel galley kitchen, a ceramic tile bath with a standing shower, and plenty of natural light along with ample closet space.
The ground level is comprised of a massive 1,800-square-foot white-box open commercial space, with a kitchen and a bathroom at the back. The floor is lined with engineered wood floors and the space is well lit by recessed lighting.
The building will be delivered vacant. Available upon request, the proforma has been calculated using the most conservative estimates based on the neighborhood average.
107-24 Springfield Boulevard, New York, (Queens Village), NY, 11429
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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