![]() |
Property Ownership Opportunity in Prime Queens Location Welcome to an exceptional property ownership opportunity located in the bustling heart of Queens, New York. This property, currently houses a long term, in-place tenant offe an opportunity to capitalize on the high traffic flow and robust economic activity of this vibrant neighborhood. Property Highlights: Prime Location: Situated in a highly sought-after area with excellent visibility and accessibility, this property benefits from its strategic position in a bustling commercial district with heavy foot and vehicular traffic. Internally, the property provides approximately 20ft of frontage, is roughly 1500sf and also has a useable back yard . The total property footprint is approx. 1860sf. There is also a basement for storage. The property has established itself as a reliable source of services, catering to the needs of the local community enjoying consistent foot traffic. The property features up to date infrastructure and the utilities necessary for operating a successful business. Location Benefits: High Traffic Area: Positioned in a bustling commercial corridor with a diverse mix of active businesses, restaurants, and residential complexes, keeps a steady flow of retail activities throughout the day. Transportation Hub: Conveniently located near major transportation arteries and public transit options facilitating easy access for both customers and employees. Thriving Community: Surrounded by a vibrant community with a strong residential base and a steady population, generates sustained demand for essential services and amenities. Note: This is a Property Only Sale.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$899,999
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 | $719,999 | $719,999 | $719,999 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.250% | 6.000% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.071% | 6.108% | 6.056% |
Monthly Tax Payment | $778 | $778 | $778 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,976 | $4,317 | $6,027 |
Total Monthly Payment | $4,846 | $5,187 | $6,897 |
* 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.