Introducing a charming multifamily property in Bayside, NY, now available for sale. This R3-1 zoned home sits on a spacious corner lot, measuring 60x100 (6, 000 square feet), offering scenic views overlooking a beautiful park. The property features three cozy apartments totaling approximately 3, 000 square feet of gross floor area. Inside, each unit boasts comfortable bedrooms, complemented by a well-landscaped yard and lawn, perfect for enjoying the neighborhood's tranquility. There is ample opportunity for upscale improvements, making it an ideal canvas to build your dream home. Conveniently situated near local schools, places of worship, and the bustling Bell Blvd, residents will appreciate easy access to shops, storefronts, and a variety of dining options. Ample street parking adds to the property's appeal, while its maintained landscaping enhances its curb appeal. Whether you're seeking a new home or a rewarding project, this property offers both potential and location. Don't miss out on this opportunity-schedule your viewing today! Property Highlights: R3-1 zoning Corner lot 60x100 (6, 000 square foot lot) Right across from park Close to places of worship Close to bell Blvd Next to many stores and restaurants Plenty of street parking Well maintained landscaping Multifamily home The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee the accuracy of any information provided herein. as an example, all zoning information, buildable footage estimates and indicated uses must be independently verified.
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William Raveis Real Estate
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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 | $1,320,000 | $1,320,000 | $1,320,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | $763 | $763 | $763 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,495 | $8,235 | $11,050 |
Total Monthly Payment | $8,383 | $9,123 | $11,938 |
* 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.