Here's an exciting opportunity to own a slice of New York City's coastal charm within the vibrant community of Arverne by the Sea! This legal two-family townhouse, the Grand Bahama model in the Dunes section, is situated just a few houses from the ocean and boardwalk, with convenient access to Manhattan via transportation just two blocks away. With 270 units in this thriving community and its proximity to JFK Airport, the location couldn't be more ideal. This end unit townhouse basks in natural light, showcasing a main unit with 3 bedrooms, 2 full bathrooms, a bonus room, and a rooftop terrace offering scenic views. The open-concept living and dining areas boast recessed LED lighting and elegant hardwood floors that span the entire property. Stepping outside through the patio doors, you'll find a beautifully landscaped yard featuring a tiled platform perfect for outdoor grilling, all enveloped by privacy-enhancing landscaping. Inside, the first floor boasts a full bathroom, a generously sized bedroom, and a laundry room with full-sized machines. Ample garage space and driveway parking add convenience for your beach lifestyle. The second floor houses two more spacious bedrooms and another full bathroom, while the third floor offers a versatile "bonus room" suitable for various needs such as office space, guest accommodations, or a home gym. And to top it all off, a spacious tenants unit of 1 bedroom, full bathroom and balcony, which is income producing. Don't miss your chance to experience coastal living at its finest!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,100,000
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 | $880,000 | $880,000 | $880,000 |
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 | $123 | $123 | $123 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,066 | $5,562 | $7,426 |
Total Monthly Payment | $5,314 | $5,810 | $7,674 |
* 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.