One of a kind - Investors Delight. Located in the heart of Astoria. . 4 story -17 Family Brick Building for Sale. Excellent location, Building in Excellent condition. Building consists of total17 units. 16 units are 1bedroom apartments and one is a 2bedroomX2bath. 14 UNITS ARE FREE MARKET APARTMENTS and only 3 are Rent Stabilized units. Lots of potential as an investment. 15 Apartments have undergone a complete renovation. Each 1bedroom apartment is approx. 650-700 sq. ft. and the 2bedroom is approx. 850-900sqft. The entrance of the building has Zen marble tiled walls creating a pleasant feel, the interior lightings and mail box has been updated. Roof is in good condition, maintained every year. Boiler is in very good condition and well maintained. Basement has high ceilings. Separate room with New smart gas and electric meters. Sky light on the way to the roof, very convenient location Next to C town supermarket, stores, laundromat right next-door etc. 1block from Broadway, few blocks from Steinway, close to M, R, N, W Minutes to Manhattan. Unique building that has lot of income potential One of its kind in today's market. Setup available upon request. , Building Size: 9072
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Our Executive Mortgage Banker:
Our Insurance Division:
$4,950,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@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 | $3,960,000 | $3,960,000 | $3,960,000 |
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 | 6.748% | 6.474% | 6.036% |
Monthly Tax Payment | $8,138 | $8,138 | $8,138 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $22,484 | $24,705 | $33,150 |
Total Monthly Payment | $30,747 | $32,968 | $41,413 |
* 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.