Charming legal 2-family home situated in the sought-after Forest Hills neighborhood. This property boasts a lot size of 26x100 and a building footprint of 16x38. The first floor features 3 bedrooms, full bathroom and a large eat-in kitchen, with stairs providing access to the finished basement. The second floor is part of a duplex extending to the third floor. It offers a living room, a bedroom, a well-equipped eat-in kitchen, and a full bathroom. Easy stairs lead to the third floor, which houses two large additional bedrooms. The fully finished basement includes a generously sized room, ideal for a family room, along with a smaller room, a half bathroom/laundry room, and a boiler room. Basement can be used together with the first floor. This meticulously maintained home is perfect for both homeowners and investors. Located in the highly regarded PS 144 school district, it's in close proximity to the E, F, R subway lines, LIRR, and express buses to Manhattan. Conveniently near shopping options such as Trader Joe's, Home Depot, Staples, and Michaels, as well as parks and places of worship. The property will be delivered vacant.
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$1,148,000
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 | $918,400 | $918,400 | $918,400 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.055% | 6.234% | 5.805% |
Monthly Tax Payment | $745 | $745 | $745 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,143 | $5,580 | $7,565 |
Total Monthly Payment | $6,013 | $6,450 | $8,435 |
* 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.