Welcome to a rare and exciting opportunity to own not one, but two expansive lots totaling 50' x 160' in the vibrant neighborhood of Astoria, just a stone's throw away from the iconic Astoria Park. The possibilities are endless with these two parcels, presenting a unique canvas for your dream home or investment vision. Nestled on the first lot (18-32), this fully detached three-family residence is a testament to both comfort and investment potential. The first floor welcomes you with 2 bedrooms, 1 full bathroom, a spacious living room, and a dedicated dining area with access to the rear porch. Ascend to the second floor, offering 3 bedrooms, a dining room, a well-appointed kitchen, and a full bathroom. The lower level completes this trio with a recently renovated unit featuring 2 bedrooms, a living room, and kitchen. The solar panels on this home have already been paid off, contributing to eco-conscious living, and the roof was replaced in 2021, ensuring peace of mind for years to come. The generously sized rear yard is an ideal retreat for relaxation or entertainment. The adjacent lot (18-30) hosts a setback single-family home, providing a tranquil haven in the heart of the city. With parking for up to 7 cars, this residence offers both convenience and rarity in Astoria. The two-bedroom, one-bathroom duplex layout can easily be adapted to a flexible three-bedroom arrangement. A full unfinished basement provides ample space for storage or customization, allowing you to shape this space to fit your unique needs. This dual-property offering is not just a home; it's a lifestyle investment. Capitalize on the proximity to Astoria Park, the charm of a setback single-family home, and the income potential from the three-family residence. Seize this rare opportunity - schedule a viewing and unlock the potential of these two oversized lots in Astoria! *taxes reflect both lots
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Our Executive Mortgage Banker:
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,580,000 | $1,580,000 | $1,580,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.955% | 6.612% | 6.182% |
Monthly Tax Payment | $1,126 | $1,126 | $1,126 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,095 | $9,987 | $13,333 |
Total Monthly Payment | $10,346 | $11,238 | $14,584 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.