134-58 161st Street, Queens (Jamaica), NY, 11434 | $1,000,000

Short Sale - Two-Family Home in Springfield Gardens, NY Overview This short sale property is subject to bank approval and offers an exceptional two-family brick home in the desirable Springfield Gardens neighborhood of New York. This unique investment opportunity features two spacious three-bedroom apartments, making it ideal for multi-generational living or rental income potential. One unit will be delivered vacant at closing, providing immediate occupancy or rental opportunities. This semi-detached corner property requires minor TLC, offering a great opportunity to add personal touches and increase value. Property Features Construction: Solid brick construction corner semi-detached 2 family Layout: Each unit offers three generously sized bedrooms, ample living space, and well-appointed kitchens. Vacancy: One unit will be delivered vacant at closing, ready for immediate move-in or lease. Location Highlights Proximity to JFK Airport: Located just a short drive from John F. Kennedy International Airport, this property is perfect for frequent travelers and offers easy access for visiting friends and family. Parks and Recreation: Enjoy the nearby Springfield Park, offering green spaces, walking trails, and recreational facilities for all ages. Shopping and Dining: Conveniently located near local stores, grocery markets, and diverse dining options, ensuring all your daily needs are met within minutes. Additional Benefits Transportation: Excellent public transportation options, including buses and nearby LIRR stations, make commuting a breeze. Community: Springfield Gardens is known for its vibrant community, excellent schools, and family-friendly atmosphere. Don't miss out on this fantastic short sale opportunity in Springfield Gardens. Whether you're looking for a family home or a solid investment, this property offers versatility and value in a prime location. Explore the potential and make this exceptional property yours!

Features

  • Town: Queens
  • Rooms: 11
  • Bedrooms: 5
  • Baths: 2 full
  • Units: 2
  • Style: Other
  • Year Built: 1987
  • Heating: Other, See Remarks
  • Cooling: None
  • Basement: See Remarks
  • Acreage: 0.07
  • Est. Taxes: $6,751
  • Lot Desc: Corner Lot
  • Middle School: Jhs 226 Virgil I Grissom
  • High School: Voyages Prep-South Queens
  • School District: Community District 27
  • MLS#: 3564512
  • Days on Market: 119 days
  • Website: https://www.raveis.com
    /prop/3564512/13458161ststreet_queens_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of Coldwell Banker Reliable R E   Phone: 718-921-3100

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Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.Alvarez@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Our Insurance Division:

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134-58 161st Street, Queens (Jamaica), NY, 11434

$1,000,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah Alvarez

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 $800,000 $800,000 $800,000
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 $563 $563 $563
H/O Insurance Payment TBD TBD TBD
Initial Principal & Interest Pmt $4,605 $5,057 $6,751
Total Monthly Payment $5,260 $5,620 $7,314

* 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.